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323 comments on DrumBeat: May 22, 2008
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323 comments on DrumBeat: May 22, 2008
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I feel this article is the singlemost important article ever to have made it to a major MSM- institution ! It mentions the words "peak-oil"-theory ..... in a "traditional" manner, but one sunny day Peak Oil will become a reality ,IMO , without "" and theory attached
I agree, it's quite a milestone, just three years ago we were sharing the same spot with UFO research and Raëliens.
Of course most of the MSM still believes in UFO's , Unlimited Findable Oil (sources).
...and even though its got me down at times I'm glad to have been with you.
IMO this IEA revision and the Contango event are the most important bits of news I've heard for a while short of a 'Jimmy Carter' style emergency declaration (its coming!)
I've put my 2nd home on the market today and ramping up other PO 'preparedeness' activities. All around are dead men walking: airlines, truckers (Uk logistics friend told me today "1/3 of the Industry to go to the wall by Xmas"), etc etc.
Nicks PO Timeline:
http://www.flickr.com/photos/8745365@N04/2504887199/sizes/o/
Well it is starting to hurt now.
Read the comments...distress, anger, confusion, rebellion.
And its not even started yet....
http://www.dailymail.co.uk/news/article-1021109/Motorists-warned-years-p...
Families face £650 rise in petrol and energy prices as oil breaks through the $135 barrier ... and air fares are going to rise too
By Ryan Kisiel
Last updated at 3:43 PM on 22nd May 2008
• Comments (47)
• Add to My Stories
Families were warned today that the latest dramatic spike in oil prices will cost them an extra £650 a year in petrol and energy bills.
The oil price soared again on international markets last night to exceed $135 a barrel for the first time. The $5 surge is the biggest since the start of the first Gulf War in 1990.
And don't forget the Daily Express (ignoring Princess Di for once) and their new campaign to cut UK taxes now, rather than when the price REALLY rises.
http://www.dailyexpress.co.uk/posts/view/45277/Stop-petrol-tax-robbery
Well.
At 17:10 BST , Chris Skrebowski was interviewed on Radio 4 re PO.
Snippets:
CS'we are at peak light sweet. This is the foothills of Peak oil .'
'when will final peak occur?'
CS'probably 2012-2013.'
pause...'2013?'
Listen again for that episode.
http://www.bbc.co.uk/radio/aod/news.shtml?radio4/pm
Not sure if it will work outside the UK, probably will.
Thanks for that
The oil price is now lead story on the BBC News website and number 2 on the BBC News channel. What with the bunch of stories turning up in various places it looks like an editor has finally decided to take it seriously.
Still have the non-explanations of the price though; equivalent to shrugging shoulders.
Its not rocket science people!
I'm fairly certain that Gordon Brown will face a vote of no confidence before the 2010 general election.