Savage State of Torpor

This is the most hopeful story I’ve seen in a long time. There are thousands of crumbling industrial and farming towns across the U.S. The steady decline of the family farm and the deindustrialization of the American workforce has led to a major collapse in these towns and urban areas, in all senses: [...]

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Via Ft.com and BusinessSpectator.com
Oil’s slippery slope
With the oil price heading upwards and President George Bush heading for Saudi Arabia, as part of a Middle Eastern tour, it is time to accept the truth. The pursuit of oil is fundamental to US foreign policy.The importance of oil to American foreign policy is both obvious and [...]

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Via GraphOILogy:
Tuesday, October 16, 2007

Oil on the Rise
Oil reached a new intra-day record at $88.05 (US Light Sweet Crude).

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Things are starting to get spooky. Crude hit 126 and change, up from 116 last week. Nigerian oil production is all but shut down. The middle east is exploding further. Myanmar was totally wiped out by a cyclone. AND U.S. CITIZENS ARE TAKING PUBLIC TRANSPORTATION…. TEOTWAKI!
Via NYTimes:
With the price [...]

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It looks like the Moonies over at teh Washington Times get it also. It’s good to see pseudo-mainstream newspapers discussing not only peak oil but its oft-ignored implications.
Via WashingtonTimes.com
The issue is not simply a concern that we will have to pay outrageous prices for a gallon of gas. If that were the worst of [...]

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Warren gets it.
via theOilDrum.com & Omaha.com
Buffett also said that the world’s production of oil, about 87 million barrels a day, is close to capacity. While the world won’t run out of oil this century, as one questioner suggested, Buffett said gradually depleted oil fields could reduce the amount produced.
Munger said he thinks oil production 25 [...]

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