Krugman (NY Times) on Peak Oil
This seems to be a fair representation of my own views on the international oil predicament (also known as peak oil):
This is what peak oil is supposed to look like -- not Oh My God We've Just Run Out Of Oil, but steady pressure on the economy and the way we live from rising energy prices and their consequences. And it doesn't matter much whether we're literally at the peak, or whether production can rise by a few million more barrels a day; unless there are big sources of oil out there, we'll be feeling peakish for the foreseeable future.
Good to see the NY Times finally achieve breakthrough on printing the words "peak oil" - even if it had to come from their blog department & not the editorial people.
Go read Krugman's short blog & the interesting comments that follow underneath. It's a refreshing take.
