Running On Empty: The End Of The Oil Age

Some experts warn that the world is heading for a state of permanent oil shortage.
May 31, 2005, 8am PDT | Abhijeet Chavan
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"Some observers predict that this year, maybe next — almost certainly by the end of the decade — the world's oil production, having grown exuberantly for more than a century, will peak and begin to decline. And then it really will be all downhill. The price of oil will increase drastically. Major oil-consuming countries will experience crippling inflation, unemployment and economic instability."

Thanks to Renae Meyer

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Published on Monday, May 30, 2005 in MSNBC
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