“Over the last 25 years, opportunities to head off the current crisis were ignored, missed or deliberately blocked, according to analysts, politicians and veterans of the oil and automobile industries. What’s more, for all the surprise at just how high oil prices have climbed, and fears for the future, this is one crisis we were warned about. Ever since the oil shortages of the 1970s, one report after another has cautioned against America’s oil addiction.” (The World Without Oil game, ahem.)
The “Asleep at the spigot” article in the New York Times goes on to show just how the U.S. has gotten itself out on the limb as far as it has – and who led us out there – it’s good reading for those who hope we don’t get fooled again.
Plus I’ve got an excellent article summarizing the global oil situation, also in the NYT, courtesy of reader PeakProphet. It’s 2 months old but still nails it. (Image from the New York Times)