The invasion of Iraq by Britain and the US has trebled the price of oil, according to a leading expert, costing the world a staggering $6 trillion in higher energy prices alone.
He spoke after oil prices set a new record on 13 consecutive days over the past two weeks. They have now multiplied sixfold since 2002, compared with the fourfold increase of the 1973 and 1974 “oil shock” that ended the world’s long postwar boom.
Read on for a great global Oil use synopsis at the Independent.
And then, get your remax tab refreshed and start looking for land. Have a quick read, on what some folks are doing to plan for a radically redefined lifestyle.
Oh…and perhaps one last Oil reference. A little head’s up from Dave ID on what should be an awesome film queued up in my trnt list…
Tags: Local Food · Peak Oil · Survivalists · There will be blood3 Comments
3 responses so far ↓
You have failed to see There Will Be Blood yet? One of the greatest movies of all time. Daniel Day-Lewis is mesmerizing.
http://www.independent.co.uk/environment/green-living/oil-a-global-crisis-834023.html
I didn’t know Canada’s oil reserves had peaked.
I look forward to reduced / more efficient energy usage. But I wish the paranoid survivalists could be drawn into the discussion.
While we are on the topic of recommendations, you should look up:
Books:
- Twilight in the Desert, Matthew Simmons (www.twilightinthedesert.com/)
- A Thousand Barrels a second, Peter Tertzakian (www.1000barrels.com)
Movies:
- A Crude Awakening - the oil crash
Web sites:
- http://www.theoildrum.com