Posted at Peak Energy:


For Australian readers - 60 minutes has a segment on peak oil tonight.
You're about to hear two of the scariest words in the English language — "peak oil".
Effectively, they mean the end of the world as we know it. The point where oil production reaches its absolute peak; the point when supplies start running out. And the doomsayers are convinced we're almost there.
So, if you think paying $100 to fill your tank is painful, I hate to tell you, this is as good as it gets. It'll get worse, much worse.
Two dollars plus per litre by Christmas for a start. Naturally, the oil companies say stay calm. We'll be right for a 100 years at least. But then they would, wouldn't they?
And thanks to whoever loaded my "Of Rodents and men" post up at "Porkbusters" - the surrealness of having a full Peak Energy post (even including a tinfoil decoration) on a site run by Glenn "Instapundit" Reynolds is something that tickled my fancy - I think the relevant piece was the quote of Mungo MacCallum criticising Johnny's pork filled energy policies...


...read complete post at Peak Energy