The oil crisis is on, and the country is in disarray. Parts of the country are unaffected, while others stagger under rationing, long queues, the collapse of public transit, and eruptions of violence at gas stations. More and more gas stations ignore government mandates, and the black market is burgeoning.
Sound like World Without Oil to you? Me too. But it’s not fiction: it’s happening right now in China, according to this article in The Economist, November 22. Unwilling to curb demand, or even to raise prices at the pump, China is forcing itself to get more oil. Whose?