Jan 3, 2008
Oil Surpasses $100 Per Barrel
Posted by Oliver Starr in categories: geopolitics, sustainability
In an upward spurt that has been long predicted by the more realistic analysts, oil has finally broken through the triple digit threshold. While some experts maintain that this number is little more than a psychological barrier and has little real-world importance it is an inescapable fact that oil prices themselves have actually increased approximately 73% in the past year.
This price increase alone should be a call to action sufficient to bring us to a state of alert yet it appears that the general population remains relatively complacent in the face of this looming crisis. It should be noted by those of us more aware of the ramifications of peak oil and the impending oil supply shock that such a drastic reduction in oil availability represents one of the clearest and most present threats to the stability of a global peace and the longevity of mankind.
As with all threats of a global nature, the Lifeboat Foundation will continue to monitor news related to oil reserves, prices, supply and of course replacement technologies and continue to provide information, perspective and solutions.