High oil prices may not be all that bad, as Mr. Yes, there is still oil in the ground and under our oceans. Please contact us for permission to reproduce this content in other media formats. Join over one million monthly readers and receive breaking news, strategies, ideas and commentary. The US Department of Energy admits that a chance exists that we may experience a decline in world liquid fuel production between and Imagine for a moment what happens to an already economically strained U.
Proponents of the peak oil theory suggest that we have already reached the production tipping point, and that in a matter of a decade or two there will be not be enough oil left to support the needs of a growing global population.
November 28th, Website: Considering that oil is used in just about everything we can imagine, from the obvious gas-in-your car requirements, to the less obvious production and distribution of things like plastics cell phones, tires, and tupperware and food fertilizing, harvesting, transportation, etc.
Future Money Trends is projecting an oil crisis this decade that will not only change our lifestyles radically, it will change our world, ending globalization and restoring local economies.
Many Americans not only live miles away from grocery stores, but the grocery stores themselves receive food that may have been transported from across the globe.
Click here to subscribe: This content may be freely reproduced in full or in part in digital form with full attribution to the author and a link to www.
Without cheap oil, everything changes. Crude oil is too intertwined into our lives to expect anything less than a total life style change if we have truly peaked in cheap oil production. It is often argued the the Earth has a limited amount of oil in the ground, and as modern industrialized society continues to increase consumption, we are slowly but surely using up the one precious resource that makes it all function.
Ameduri points out, because it would lead to a restoration of local economies: But the transition from our current paradigm to the new one — where oil costs perhaps three or four times more per barrel than it does today — is going to be cataclysmic to say the least.
The drive-until-you-qualify housing boom has left many areas devastated.
What may have been a beautiful home in is now vacant, vandalized and foreclosed. Soon, we believe, not only gardens will be rising up in the U. S populace if similar prices happen here.European gas prices are already in the $10 per gallon range, three times more than what we pay in the U.S.
Imagine for a moment what happens to an already economically strained U.S populace if similar prices happen here. 47 4 1 4 47 4 2 1 47 4 3 1 47 8 1 1 47 8 2 1 47 8 3 1 47 8 4 1 47 8 5 1 47 8 6 1 8.
47 8 7 1 8. 47 8 8 1 47 8 9 1 47 8 10 1Download