'Peak Oil' and the Future of Humanity

Posted by: Michael Dudley
Thanks to: Michael Dudley

8 March 2005 - 5:00am

If the "Peak Oil" theory is true, something must be done. If it is not true, something must still be done to curb the instability, pollution, terrorism and war inherent in the petroleum economy.

"The 'peak,' believes Campbell, will come as early as next year, heralding a steady rise in prices and the end of cheap oil as we have known it, causing a seismic shock within the global economy. 'The perception of this decline changes the entire world we know,' said Dr. Campbell in a September 2004 report from the Wall Street Journal. 'Up till now we've been living in a world with the assumption of growth driven by oil. Now we have to face the other side of the mountain.'"

Full Story: The Prophecy of Oil

Source: Truthout, March 7, 2005