Saturday, April 22, 2006

At 75 dollars per oil barrell is this the beginning of the storm?

On the back of increasing uncertainty about the consequences of the escalating Iran nuclear program standoff, crude oil hit an all time record of US$75 a barrel on Friday (21st April 2006). Whatever your view is on how close or far away the planet is from unaffordable oil, I'm guessing the scenario played out in the film The End of Suburbia” was right on the button.

Thoughts: Is this the opening of the end of the oil economy? Can we afford to assume it isn’t? How fast and strong will the storm come? What can a citizen do to prepare, or get ahead of the wave?

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