from Tony Eriksen "ace" www.theoildrum.com
If you don't know what peak oil is please read the link in my blog roll and the oildrum one above. If you know what peak oil is but are not concerned please keep in mind the following:
- America uses 1/4 of world oil production
- Iraq occupation oil will not get America out of this (unless we kill almost every Iraqi man, women and child)
- The strong dollar will not get America out of this (it has its own trouble just surviving our un-regulated corrupt banks)
- American manufactoring will not get America out of this (cause we are running enormous trade deficits)
- Alternative energy will not get America out of this - you need alternative transportation like plug-in cars or trains (we are mostly using oil for transportation)
- The last oil shock, early 70s, threw our economy for a loop at a time when we were much, much healthier economically
On the bright side any serious (as opposed to saving 1.8 billion barrels barrels of oil over the lifetime of the vehicles sold in the next five years) effort by our government to fix this issue will drive the price of oil down.