Five percent of the world’s oil tanker capacity is waiting to load up near Basra Iraq, where production is way up. The United States has only one month of oil storage capacity left. After that, what comes in must go straight to market, likely for as little as $20 a barrel.
Is peak oil dead? And why isn’t the economy responding to cheaper oil? We’ll ask the guru, Richard Heinberg. He’s one of the people who popularized the oil squeeze, with his book "The Party’s Over". Heinberg has a new book out Afterburn: Society Beyond Fossil Fuels.
After that, during this Spring in the Northern Hemisphere, a couple of us hope to persuade you to grow some of your own food. Marjory Wildcraft, from growyourowngroceries joins us. There’s a lot of reasons we need to pay attention to the food supply.
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