Oil by the thimble

Posted on: April 7, 2010

Blame Jeff Rubin and his book for waking us all up with the spectre of our never-ending underground ocean of oil getting scarce and expensive. A good read. You’d be surprised to know how much of the world of people and businesses is comprised of oil. You’ll shake your head while reading. And it’s us he’s writing about. Oil is the blood of business and daily living. Once it’s burned, it’s gone and we burn a lot of it every day.

An economics writer, Megan McArdle, has this story on an International Energy Agency (IEA) report on the demand and supply of oil over the next decade or two. She quote’s the leader of the IEA report as saying, “This is a dangerous situation.” That should wake us up. Oil will, to put it mildy, get pricier. You can take that to your petro-bank.  The McArdle story here, in the Atlantic Online. Sell your V8. Buy a bike. That trip to Europe looks like it won’t get any cheaper.


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