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July 7, 2006 at 17:05:45

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PEAK OIL HAS ARRIVED / CRISIS IMMINENT

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By Allen L Roland (about the author)     Page 1 of 1 page(s)

opednews.com     Permalink

For OpEdNews: Allen L Roland - Writer

"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...)
 

The views expressed in this article are the sole responsibility of the author
and do not necessarily reflect those of this website or its editors.

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