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July 7, 2006 at 17:05:45

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PEAK OIL HAS ARRIVED / CRISIS IMMINENT

by Allen L Roland Page 1 of 1 page(s)

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"Peak oil is the point at which production starts to decline and once it becomes clear that this is not just a temporary problem of supply and demand ~ it's going to lead to panic.The relentless decline in availability of fuel will cause a crisis unlike any we've seen in the history of the industrial or information ages:" Interview with peak oil expert Richard Heinberg / Sun magazine July 2006

ABC Australia has just produced a 12 minute video which makes a very effective case, by interviewing oil experts throughout the world, that peak oil ( when supply can no longer meet demand ) " is probably here and at best we are within three years of a major oil crisis."

Oil prices per barrel just reached $75.00 dollars yesterday on virtually no news ~ and remember the market always projects atleast six months in advance.

This is a must watch video ~ courtesy of ICH

Video: Real Oil Crisis

What would happen if the world were to start running out of oil?

Windows and Real media - Runtime 12 minutes
http://www.informationclearinghouse.info/article13112.htm

Allen L Roland

http://www.allenroland.com

Allen L Roland is a practicing psychotherapist, author and lecturer who also shares a daily political and social commentary on his weblog and website more...)

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