[news] The End of Cheap Oil: The Global Energy Crisis and Climate Change

[Mostly Water - "Canadian" and International alternative news feed]

Increase in oil prices translates into higher prices of all commodities. As Hindustan Times reported oil price hike turns cereal killer (Hindustan Times, Wednesday, June 14, 2006, page 2 table). Yet the increase in oil prices in world markets is inevitable because the resource is dwindling and supplies have peaked, peak oil means the end of cheap oil, and an end to economies organized around the increasing availability of cheap oil.

URL: http://mostlywater.org/node/7706