Peak oil panic? Dubai or not Dubai?

Could the mushrooming Dubai debt crisis be a preview of what peak oil will produce among the oil-selling nations?

Dubai

Perhaps you recell the cause celebre in Washington when Dubai bought a British company that controlled a slew of American ports? Eventually the Dubai sovereign company sold its U.S. ports to the All-American patriots over at AIG. And we all know how good AIG has been to Americans.

Why would tiny Dubai start grasping and reaching for a different future? Because they know their oil is running out and they don