The Black Stuff Has World Order Over a Barrel

The real problem, however, concerns the longer term. There is a strong possibility that what we are facing now is not simply a temporary mismatch between demand and supply that can be sorted out by Opec pumping more oil or by exploiting marginal fields in the world’s most inhospitable places. Rather, it is that we are in the early stages of an energy crisis that will fundamentally affect our lives over the next few decades. If that is so, western policymakers need to be thinking hard – and thinking hard now – about what life is going to be like when the oil and gas run out.
The Guardian