Oil Executives Say the Great Fuel Crisis Is Here

chzblck

Water wet too?

Animats

Diesel fuel at US$8.49 a gallon today. (Redwood City, California.)

ameen

If there isn’t an apt response in the midterms, we’re far beyond the point of return.

jimt1234

Melvin from Office Space: I was told that gas prices would fall below $2/gallon.

dabinat

I’m guessing their solution is for us to be even more dependent upon oil? The issue here is that we based our entire economy around a substance that is incredibly price-volatile, run by a cartel, and is plentiful mostly in places that are unstable or hostile to us. I think it’s crazy that we’ve completely normalized the idea that fuel needs to have prices listed outside a gas station because it changes so frequently. Imagine if supermarkets had to list the price of a loaf of bread outside because it kept changing so often. And it’s really our own fault (or at least the fault of politicians bought by oil companies) because the dangers of oil dependence were obvious at least back in the 70s.

trueno

paywalled in this economy, rek. someone hit me with the synopsis

hyperhello

How much land, time, and money, per citizen, would it take to put down enough solar cells to generate each person's basic electrical supply? Is it less than $5K?

ggm

Note that this in no way means the end of oil in the ground or being extracted. "Peak" never meant The Erlich-Simons "we've run out"

treebeard901

It's all fracked up