The peak oil crisis: speculation, subsidies & megacities

Those living in the world’s new mega- and hypercities are going to have a far tougher time. Oil has built these monstrosities where 100s of millions will be trapped without direct access to food supplies and cooking fuel. Someday, the historians will note that the collapse of many megacities was among the first real tragedies of peak oil.

Peak oil – May 28

Gordon Brown: The oil crisis is a global problem requiring global solutions
We’re not yet at Hubbert’s peak – call it instead ‘de facto peak oil’
California mayor: How will local governments respond to large increases in energy bills?
Russia worried as oil production slides
New: Immer neue Preisschocks (+ Fatih Birol interview in German)