Running On Empty: The End Of The Oil Age

Some experts warn that the world is heading for a state of permanent oil shortage.

1 minute read

May 31, 2005, 8:00 AM PDT

By Abhijeet Chavan @http://twitter.com/legalaidtech

"Some observers predict that this year, maybe next almost certainly by the end of the decade the world's oil production, having grown exuberantly for more than a century, will peak and begin to decline. And then it really will be all downhill. The price of oil will increase drastically. Major oil-consuming countries will experience crippling inflation, unemployment and economic instability."

Thanks to Renae Meyer

FULL STORY: End of the pipeline for oil?

Monday, May 30, 2005 in MSNBC

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