kblincoln What I should have said |
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2005-04-22 9:48 AM peak oil I was just browsing through salon.com and read an article about how
some oil survey experts are saying that we are going to hit Peak Oil in the next 2 years. According to this article it meant that we will have reached the most/highest amount of oil available, and that despite global increasing demand, that the amount of oil production would just go down. This, while not exactly surprising to me, was very shocking. I did a quick google on the subject and found many pages, that struck me as alarmist, but also as people thinking about a future without oil, plastics, petroleum products. Especially in terms of how the u.s. economy is currently based on huge amounts of debt and how a sharp rise in oil prices could effectively upset that precarious apple cart causing inflation (http://www.morganstanley.com/GEFdata/digests/20040217-tue.html) I am freaking out a little bit here. I am imagining a world where there is little shipping, airplanes are prohibitively expensive, and i am imagining this in MY LIFETIME. I was wondering if anybody else had heard of this? Am i just really overreacting to crazy websites? (especially this one:http://www.lifeaftertheoilcrash.net/Index.html) It really started me thinking about things like maybe buying some gold jewelry for my girls instead of putting so much money into stocks, and also about which country, Japan or the U.S., might be "safest" to live in if things really do turn out to be terrible. Kirsten @ maybe getting herself all worked up about nothing Read/Post Comments (4) Previous Entry :: Next Entry Back to Top |
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