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Jan.02.2008

Decent $100 oil story

Plays on WLBZ, Bangor, local 11pm news

This story by CNN's Jim Boulden just ran on our local NBC affiliate. It's a pretty straight up explanation of the price run-up: demand exceeds supply. I did not hear the term "peak oil", however. But it does feature significant quotes from Matt Simmons, an important commentator on peak oil. The piece does a good job of analyzing possible economic harms from oil stress that are beginning to loom over us like a giant cloud on the future. Happy day!

Posted by The Owl at 23:53. Filed under: Energy

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