Penetration (Kunstler)

The telling moment last week was Robert Hirsch’s appearance on the CNBC morning “Squawkbox” financial show in which he proposed the probability of $500-a-barrel oil within “a three-to-five-year time-frame.” Squawkhead Becky Quick was clearly nonplussed by the stolid Mr. Hirsch, author of a (then)-startling 2005 US Dept of Energy report (since referred to as the Hirsch Report and buried by the Secretary of Energy) that warned of dire effects on the American way of life as the Peak Oil predicament gained traction.

Kunstler.com