The Year We Feel It

Falls Church News Press: The Peak Oil Crisis: The Case for 2008.

Tom Whipple sees 2008 as the year we feel the impact of Peak Oil.

Unless something comes along to reverse these forces in the next few months, we are likely to suffer very serious economic troubles before the year is out.

Houston Chronicle: There’s more to $120 oil than speculation.

Here’s what happens: as prices rise, oil-exporting countries benefit from an influx of petrodollars. That, in turn, spurs economic expansion, which in turn increases domestic oil consumption. As demand rises, more oil is devoted to meeting that domestic demand, leaving less oil to export.

As exports fall, worldwide prices rise even more.

Casaubon’s Book: 100 Things You Can Do To Get Ready For Peak Oil.

There are plenty of great ideas on Sharon’s blog. Common sense ideas, as well as things we really shouldn’t forget:

Say a schecheyanu, a blessing, or a prayer. Or simply be grateful for a series of coincidences that permit us to be here, in this place, as the world and the seasons come to life again. Try to make sure that this year, this time, you will take more joy in what you have, and prepare a bit better to soften the blow that is about to fall.

This entry was posted in Journal, Peak Oil. Bookmark the permalink.

Leave a Reply