| Oil Crisis - Should We Panic?
According to BBC from 07.11.07 the ever-weakening dollar and fresh worries about winter fuel supplies have sent US oil prices to $98 a barrel.
The effect was worsened by storms in the North Sea on Tuesday, which disrupted supply as prices inched closer to the $100-a-barrel mark.
Nonetheless, some analysts say that $100-a-barrel oil is inevitable.
The International Energy Agency has said that world production overall will peak between 2010 and 2020.
How will we be facing that?? Are governments investing enough in other alternative sources??
If the price of oil rises to more than $100 a barrel, will alternative energy sources become more popular?
I think we are not really concerned about the real problem and the way it will affect us...
"The real shock about today's oil shock is that it isn't a shock"
Think about it, maybe your children won’t be able to fly…
There is also a good documentary focused on peak oil phenomenon, called A Crude Awakening.
Best wishes |