The Peak Oil Crisis: The Word Begins to Spread
Date: Thursday, September 07 @ 01:31:28 PDT
Topic: Consumption; Demand; Prices
Falls Church News-Press - The world oil situation is quiet at the moment. Oil prices have dropped to their lowest level in 15 weeks due to the lack of any imminent geopolitical threats or looming hurricanes. The Iranian nuclear enrichment situation seems to be on hold for awhile as the US can't convince China, Russia, Japan and a lot of European powers that the world would be better if only the UN imposed harsh sanctions on Tehran thereby forcing them to limit oil exports in retaliation. However, we earthlings are still draining off our finite oil supply at the rate of 85 million barrels a day (b/d) so things are bound to get interesting again somewhere down the line.
Falls Church News-Press
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