Say goodbye to cheap oil [View All]

Another article predicting that the s**t is about to hit the fan. Many of us have long expected it as it is only common sense that our society cannot continue on the same course as we've followed the past 40 years.

Is the great reckoning really upon us or will the party continue for awhile longer?


"FOR THE TENS of millions of American motorists patiently waiting for gas prices to come back to Earth, the news from the oil markets is not encouraging....What happened? In simplest terms, what we're seeing are the final months of a 25-year oil boom....Barring the unexpected, oil prices have no place to go but up - and the United States isn't well-prepared for a high-cost oil future. The world's most technologically advanced nation has made only feeble efforts to develop alternatives to oil or to improve fuel efficiency....And if U.S. voters aren't worried about oil, U.S. politicians aren't either..."

The last sentence pinpoints the problem. We have met the enemy and it is us.

http://www.northjersey.com/page.php?qstr=eXJpcnk3ZjcxN2Y3dnFlZUVFeXkxNCZmZ2JlbDdmN3ZxZWVFRXl5NjUwNjg1MQ==

The author, Paul Roberts, has a book coming out in May, "The End of Oil: On the Edge of a Perilous New World".