Monday, April 26, 2010

The Imminent Crash Of The Oil Supply

from Information Clearing House. 
The supply of the world's most essential energy source is going off a cliff.  Not in the distant future, but in a year and a half.  Production of all liquid fuels, including oil, will drop within 20 years to half what it is today.  And the difference needs to be made up with "unidentified projects," which one of the world's leading petroleum geologists says is just a "euphemism for rank shortage," and the world's foremost oil industry banker says is "faith based."