Oil Bust By 2008

As I angrily filled up a tank of gas at $1.99 a gallon, I wondered if gas prices could get worse. According to this Salon article (annoying day pass required), the answer is yes. An analysis from a Wall Street company whose expertise is checking up on energy companies reports that most major American oil companies will reach peak oil production somewhere around 2008. Then everything goes downhill as the avalability of oil declines.

Could be Chicken Little speculation, which the Salon articles readily admits. Or, the $1.99 a gallon now will be replaced with a nightmarish $5.00 a gallon future. Son of a bitch.

Mr. Misanthrope


Mr. Misanthrope