Media, public, governments unprepared for the End of the World (As We Know It)
Source: Sweetnam, DOE, April 2009
The BP oil disaster reminds us once again of the many large costs of oil use not included in its price. But because conservatives have blocked or rolled back all serious efforts to move us off of oil in the last three decades, peak oil will soon change that (see Deutsche Bank: Oil to hit $175 a barrel by 2016 and World’s top energy economist warns peak oil threatens recovery: “We have to leave oil before oil leaves us”).
Energy economics expert and long-time guest blogger Craig Severance, has a review of recent research in this important area, which is largely ignored by the status quo media.