Crude Awakening

From The Nation

by Michael T. Klare

…Unless affordable substitutes are developed, a decline in global oil output will produce rising transportation costs, diminished economic activity, high inflation and the onset of a deep and prolonged worldwide depression. Furthermore, because modern, mechanized agriculture is wholly dependent on cheap oil–for herbicides and pesticides, as well as truck and tractor fuel–a contraction of petroleum supplies will result in reduced food production and, in all likelihood, mass human starvation.

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