In light of today’s surreal $133 a barrel, oil headline from 2000 reads like something from the Onion
Wednesday, May 21st, 2008“Soaring Oil Prices”
Oil futures rose as high as $30.40 before falling back slightly in trading in London.
US President Bill Clinton said the rise was “deeply troubling” and refused to rule out any US action to deal with the situation.
I am in London at the moment. For the first time ever, Britain feels noticeably wealthier than America, and most of the extreme wealth seems not to be banking but oil related. I suspect the only truth in the term peak oil in the medium term will be the price which will surely come crashing down.


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