World Oil Crises

The world has been using oil as far back as 347 B.C. http://www.geocities.com/mudsmeller/history.html#ancient_to_present and there were some sources even farther back in history.  The 20th century brought the widespread use of oil in cars, trucks, and industry that have brought us to this dilemma.  Today’s dwindling supply has created the world wide crises.

 

Articles by Kenneth Deffeyes http://www.princeton.edu/hubbert/current-events.html and Paul Krugman, a well respected economist who writes a column in the New York Times http://www.nytimes.com/2008/05/12/opinion/12krugman.html?_r=1&scp=1&sq=Paul+Krugman+may+12+2008&st=nyt&oref=slogin are indicators of how complicated this issue has become.  An article in my local newspaper entitled “understanding ethanol” written by Renee Schoof and Kevin G. Hall of  McClatchy-Tribune (not accessible on the internet) left me with more questions than answers.  I have not heard or read any reasonable plan proposed by any politician.

 

Going forward I am going to track the progress of this very serious world issue.  Inputs and links are appreciated.

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