Although we aren't really noticing in Canada, because our soaring dollar is protecting us from high gasoline prices, the price of oil is rebounding towards $100.00/barrel - closing today at $98.03. It hasn't affected gas prices here much, but in the states (from what I can tell using google news), gas has gone up around .25cents in the last month.
And still none of the major news outlets, or political figures, are really talking about peak oil. Maybe this will change with a report released in October from the Energy Watch Group - the executive summary is here.
As coverage in the Guardian Newspaper explains, the report states the following:
- World oil production has already peaked and will fall by half as soon as 2030, according to a report which also warns that extreme shortages of fossil fuels will lead to wars and social breakdown.
- "The world soon will not be able to produce all the oil it needs as demand is rising while supply is falling. This is a huge problem for the world economy," said Hans-Josef Fell, EWG's founder and the German MP behind the country's successful support system for renewable energy.
I've written too often about this - but in short, let's learn some survival skills and move to Cuba.