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Oil Shortages? It’s Happened Before. And It Will Happen Again
Ron Cooke, Global Public Media
We consumed – on average – over 555 million gallons each and every day in 2005. More than 4.8 billion barrels of motor fuel in a year. Poof. Gone forever. Can we assume we will always have an unlimited supply of affordable fuels to sustain our existing means of personal mobility?
(13 Sept 2006, but just posted)
The Peak Oil Crisis: The Perfect Storm
Tom Whipple, Falls Church News-Press
Events move quickly these days. Two months ago oil was north of $78 a barrel and, nationwide, gasoline was above to well above $3. The Middle East was threatening a conflagration and another exciting hurricane season was in the offing. Even the concept of peak oil was starting to get some scattered but serious attention in the media.
Now here we are at the end of September. The price of crude is down nearly 25 percent. Gasoline is down 75 cents a gallon. The press is full of stories of a great new oil find in the Gulf that could show the way to a cornucopia of oil. The Dow is pushing an all-time high, and financial analysts are predicting lower inflation and solid growth in the year ahead. Finally, those who don’t want to believe in peak oil are loudly proclaiming, “I told you so.”
What happened? Is imminent peak oil still in the cards? Just where is reality?
(28 Sept 2006)
