Thursday, August 18, 2005

If you think oil and gas are expensive now, just wait 'till 2008 when the decline from peak oil's plateau becomes recognizable beyond doubt. However, before that NG depletion rate acceleration will likely put rates in double digits before the 2006 election. Millions will pay over $2/gal for their heating oil this winter and likely another 30-40% more next winter, and the one after that, and ....

How many people in the Northeast can be kept warm and fed sustainably? Where will the refugees go? Where will Floridians go when sea level rise floods their state in 100-150 years? How many additional, ever stronger hurricanes?

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