Our New Energy Crisis

Almost four years ago, when oil was trading at around $40 a barrel, Paul Roberts wrote a story for Mother Jones on a bleak scenario gaining currency among energy insiders, but not yet in the mainstream consciousness: peak oil, basically the notion that the world’s petroleum resources are nearing exhaustion. If the theory held true, Roberts warned, oil prices could soon leap to “perhaps as high as $100 per barrel


It’s easy enough to blame Dick Cheney, Big Oil, Detroit