Peak Oil for the Day

[_osk_]

Talk of “rebounds” during an era when oil production will be declining shows a failure to understand a fundamental critical reality: we depend on prodigious quantities of cheap energy, especially liquid fuels, to run our cars, to farm and distribute our food, and to move people and goods by ship, train and plane. Unless we stumble upon some miraculous breakthrough-either in the world of energy supplies or financial market fixes, or both--we likely face a very tough economic transition that could last for many years. Softening oil prices of late will only serve to delay awareness about the need to proactively select a more intelligent transition path than the one we’re trapped on today.

http://www.energybulletin.net/node/46785