Have I seen you commenting before on the price of oil or oil production? Things don't seem to be going well in that sector, nevermind Iraq which isn't factored into the picture yet.

Of course cheeney wants to make a few more bucks on his haliburton and oil interests. If at first you don't succeed, try again. AmIright?

I really don't like it when politicians and journalists say something lame and obviously dubious like what Meeks said.

disingenuous rhetoric is part and parcel for these fools.

his comment can be directly liked, in it's willful ignorance, with another famous quote, "I don't think anyone could have anticipate this!"

as if we were all just rubes who believe everything that is fed to us via the media propaganda.

while we don't get a whole lot of oil from Iraq, Europe (especially Italy) does and what happens there, certainly effects us.

we live in a nation now were the average nation-wide price for a gallon of gas is $3.50 and it appears as if everyone is just A-Okay with this.

The average price for a barrel of oil now is over $100 and now closer to $110, and again, everyone is A-Okay with this.

just as little as 5 years ago, people would be freaking out.

but now, we have been battered so often and our voices completely squelched (in regards to us having any say in the matter) that we all just grumble, while the prices for everything goes up. (because of higher fuel prices)

I've been quiet for a while now because the concept of "peak oil" is not in vogue anymore and I get the "kook" looks now. Fine. I don't care, but in the mean time, I put solar on my home and have a hybrid (soon to be an all electric care, hopefully soon). Because, anyone paying the least amount of attention knows, that life as we currently know it, will be vastly different, (in regards to available energy via fossil fuels) in a short number of years.

As I have said in the past, people really, honestly won't give a damn until they can't afford to drive their gas guzzling land yacht to the corner 7-11 to get a big gulp. (by that time it will be way to late on a number of fronts), but until then, it's happy motoring into oblivion.

Crude oil production hasn't increased significantly at all in the past ~10 years and seems to have reached the peak you referred to, just as the production of all things finite eventually does. And the need to convert to a different energy paradigm, even natgas, is not being taken seriously.

Good on you for preparing your home and your life for what surely lies ahead, perhaps sooner than we think.

I believe that the average person really hasn't a clue as to how little it would take to take to upset the current delicate balance of things.

There was a fictional article a few years ago that set the stage for a drop off of oil production.

It had set Norway as the spoiler. They had artificially claimed that their oil fields had collapsed and that set the price sky rocketing.

in the end, Norway confessed that the field never collapsed but it was a lesson to the world as to just how fragile the system was.

And Norway doesn't even supply that much world oil.

That's why Iraq is important to watch.

cut off Iraqi oil, Europe suffers. Europe suffers, we suffer.

A good example of what may potentially happen on a smaller scale is in the Ukraine with their natural gas.

Since Russia is playing games and had shut off their gas exports to the Ukraine until bills are met, it will be a example of what will happen globally when oil finally falls off the cliff.

he is collecting money from the faithful. The more the media bashes him the more money he makes. It is his 999 plan or the Gingrich presidential run. It is all about grifting and nothing to do about policy. I don't see how it is hard for these people to see... or of course we could argue they don't want to see.

military industrial complex. does anyone think he can't or won't make billions more if he can start another war through obama?