Wednesday, January 20, 2010

Good rundown on our peak oil predicament

A bouncing ball captured with a stroboscopic f...Follow the bouncing economy -- oil prices drop, demand rises, prices spike, sending demand down with prices to follow, and so on. Note that the "good times" get less good each iteration of the cycle. Image via Wikipedia

Just like the Butterscotch Man couldn't run till he got warm and could only get warm by running, we're in a fix -- now that the easy oil is gone, the cost of getting the remaining (deeper, more distant, more sour) oil translates into a price that the economy can't sustain.

Excellent writeup on this in the mainstream press here.
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