Posts Tagged ‘ peak oil ’

Last week Andy Cline wrote about the perennial issue of fuel prices - in the States these are looking like heading below $3.25/gal again, thanks perhaps to the release of 30,000,000 barrels of oil from the Strategic Petroleum Reserve. His comment that this is another one-step-back in the inexorable two-steps-forward for fuel prices is...
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Peak oil - what does it mean? Well, demand finally exceeds production capacity by a long way and at the same time, available oil to get out of the ground starts to run out. Oil, oil-based products, or anything that uses oil for transportation (i.e. everything) gets a whole lot more expensive. We’re...
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