Urban Fold

Oil Crunch Coming

Peak oil will happen at least 10 years earlier than most governments are expecting, and an oil crunch will occur in the next 5 years, says Dr Fatih Birol, chief economist at the International Energy Agency.

"In its first-ever assessment of the world's major oil fields, the IEA concluded that the global energy system was at a crossroads and that consumption of oil was "patently unsustainable", with expected demand far outstripping supply.

Oil production has already peaked in non-Opec countries and the era of cheap oil has come to an end, it warned."

Full Story: Warning: Oil supplies are running out fast

Comments

Comments

oh geez

what's the opposite of a snake oil peddler?

And Armageddon peddler?

Build Your Own Paper Block City

Urban Fold is an all-inclusive kit that allows anyone to build the city of their dreams with a few simple folds.
$24.95
building block set

NEW! Build the world you want to see

Irresistible block set for adults when placed on a coffee table or desk, and great fun for kids.
$25
City Plate table setting

New Arrival! City Plates

City downtown cores printed on gorgeous decorative collectible porcelain plates.
$50.00

Stay thirsty, urbanists

These sturdy water bottles are eco-friendly and perfect for urbanists on the go.
$19.00