[Ost-news] Oil Price Closed Above $100 a Barrel; World Leaders Ignore this Signal of Impending Shortages

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

Oil Price Closed Above $100 a Barrel; World Leaders Ignore this Signal of Impending Shortages

Press release, The Oil Drum

The price for West Texas Intermediate (WTI) oil closed above $100 for the first time on February 19, 2008. "Rising oil prices have been giving a clear signal of pending shortages for over five years now," according to TheOilDrum.com. By ignoring this signal, world leaders are steering the world toward an energy disaster characterized by shortages, high energy prices, inflation, civil unrest and famine.

[read more][1]

    [1]: http://oilsandstruth.org/oil-price-closed-above-100-barrel-world-leaders-ignore-signal-impending-shortages

URL: http://oilsandstruth.org/oil-price-closed-above-100-barrel-world-leaders-ignore-signal-impending-shortages