[Ost-news] The crude fact

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

The crude fact  
Peak oil is no academic debate: the $100 barrel is a harbinger of the energy shortage to come

Jeremy Leggett

This week, oil reached its highest price ever, exceeding the inflation-adjusted record of $103.76 set in April 1980, at the height of the second oil shock. Then, the world was worried that the high price would trigger a global depression. Now, the scope for the oil price to soar ruinously higher than $100 does not seem to worry many people. The landmark record did not reach the front pages.

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    [1]: http://oilsandstruth.org/crude-fact

URL: http://oilsandstruth.org/crude-fact