The day of reckoning for our reckless ways is now at hand, as we face the mounting forces of a perfect economic storm, born of a convergence of peak oil, climate change, and a meltdown of the U.S. dollar. Peak oil of course occurs when global oil production peaks and begins its inexorable decline, in the face of continued rising global demand, sending prices soaring. Now, some experts believe that peak oil occurred last year in 2005, others believe it will not occur for another 10, 20, or even 35 years. Fortune Magazine correctly notes that the difference in those estimates is irrelevant. The era of peak oil is over, and we must act immediately to end our dependence on oil.
Wednesday, October 25, 2006
Posted by Renee in Ohio at 1:47 PM