Saturday, September 03, 2005

A fit of (oil) peak

A balanced and realistic look at Peak Oil and what it means for our lives.
A fit of (oil) peak - The Boston Globe:
Chip Giller -- Sept 1, 2005
"The last few months have seen a surge of stories on so-called ''peak oil.' That's the moment when we're pulling as much oil out of the ground as we'll ever be able to pump. Supply hits its peak and begins an inexorable decline, regardless of demand. Hurricane Katrina has shown what kind of damage short-term supply disruptions can do; peak oil represents long-term and permanent supply disruption.
But peak oil is not a matter of economics or politics. It's cold, hard geology."

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