How to Escape the Oil Trap

More growing awareness. More public discourse. More recognition that peak oil really is the problem. Even Fareed Zakaria has a piece on peak oil coming in the next Newsweek!

But will we see progress or a whole bunch of navel gazing? All it takes, with supply and demand balanced on the knife’s edge as they are, is one belligerent autocrat, one large-scale terrorist attack and we’re at the famous Goldman-Sachs $105/bbl (~$4.50/gal, if not more) superspike. I personally hope that day never comes…but, knowing what we know, I’m not nearly pollyanna enough to think that it won’t happen.
The Oil Drum