Page added on February 14, 2008
Over the last few months, the uncomfortable phrase
The poster child for denial just now is Cambridge Energy Research Associates (CERA), a petroleum industry-funded think tank that has nonchalantly churned out predictions of soaring oil production and declining oil prices for years now, while production and prices in the real world have been headed the other way. For anger, you can hardly do better than watching the current US administration, brandishing its gargantuan war machine and bellowing its rage at Arabs, Venezuelans, and anybody else arrogant enough to think that they have some sort of right to the oil underneath their own territories.
At this point, though, we
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