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Currently viewing articles tagged with Fossil Fuels.
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Responding to the Challenge of Peak Oil
Over the past two years the price of oil has climbed relentlessly. This is true not just of the volatile spot price, but also of the five-year futures price, which for many years held reliably close to the U.S. $20 mark. At this time of writing, both the spot and futures prices are near $70. North Americans know that this translates to high gasoline prices, and, since they can scarcely live without their cars, many are worried and angry.
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Why We Need To Nationalize Oil and Gas
As most experts agree, the production of natural gas and oil is nearing its peak. At the same time, the demand for both commodities is rising — and rising rapidly — as both China and India begin to experience their industrial revolutions.
The first thing that this unprecedented new situation of approaching peak oil and gas has meant is that prices have gone through the roof. What’s more, it’s very likely that these prices are going to stay sky-high for the foreseeable future and beyond.
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The American Empire Meets Peak Oil
Following the Soviet collapse in 1989, the U.S.’s economic empire was left without any effective constraints except two: global warming and peak oil.
While Canada’s economic elite continues to push further integration into the American economic empire, it seems blissfully ignorant of the fact that globalization, the American Empire, is a falling star that is simply running out of gas.
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