[Ost-news] Rising Demand for Oil Provokes New Energy Crisis

[Oil Sands Truth: Shut down the Tar Sands - social and environmental impacts of tar sands heavy oil projects across North America]

New York Times  
November 9, 2007  
Rising Demand for Oil Provokes New Energy Crisis  
By JAD MOUAWAD

With oil prices approaching the symbolic threshold of $100 a barrel, the world is headed toward its third energy shock in a generation. But today’s surge is fundamentally different from the previous oil crises, with broad and longer-lasting global implications.

Just as in the energy crises of the 1970s and ’80s, today’s high prices are causing anxiety and pain for consumers, and igniting wider fears about the impact on the economy.

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    [1]: http://oilsandstruth.org/rising-demand-oil-provokes-new-energy-crisis

URL: http://oilsandstruth.org/rising-demand-oil-provokes-new-energy-crisis