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The following article runs in the May 12, 2008 issue of The Nation magazine, one of the largest progressive publications in the United States. -alex

http://www.thenation.com/doc/20080512/hertsgaard

“Running on Empty”
by Mark Hertsgaard
The Nation‘s environment correspondent

It used to be that only environmentalists and paranoids warned about running out of oil. Not anymore. As climate change did over the past few years, peak oil seems poised to become the next big idea commanding the attention of governments, businesses and citizens the world over. The arrival of $119-a-barrel crude and $4-a-gallon gasoline this spring are but the most obvious signs that global oil production has or soon will peak. With global demand inexorably rising, a limited supply will bring higher, more volatile prices and eventually shortages that could provoke–to quote the title of the must-see peak oil documentary–the end of suburbia. If the era of cheap, abundant oil is indeed coming to a close, the world’s economy and, paradoxically, the fight against climate change could be in deep trouble. Read the rest of this entry »

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