At some point, we're going to reach our peak oil supply, says ROD DREHER. Will you be ready?
12:00 AM CST on Sunday, November 25, 2007
It cost more than $40 to fill up my Honda Accord last week. That's a pain, but not one I have to suffer often. Not only does the Honda get good gas mileage, I live close to my downtown job, so I put maybe 6,000 miles a year on the car. The price of oil will have to go up a lot more before my wallet feels the burn – at the gas pump, at least.
But the price of oil affects far more than our daily commutes. Our entire consumer economy is built on the idea that oil will be relatively inexpensive and infinitely available. Read More