Book examines how dwindling oil supplies will cause economic crisis

Today, with oil more than $60 a barrel and more than double the price in 2003,

According to the book, the economic crisis is the result of a conflict between increased global demand for energy and our growing inability to increase energy production on a long-term basis. In the 1970s, the oil crisis was primarily political. This time, however, the issue is a ceiling on supply. The problem, as the authors see it, is that our leadership is overconfident, focusing on short-term objectives and failing to acknowledge the shortage of a crucial resource.

The first part of the book discusses the forces that have caused our leaders to fail to acknowledge the problem. A parallel is drawn between the coming economic crisis, and the rise and fall of the technology bubble, both of which are attributed to