Peak Oil News

Thursday, April 01, 2004 Running On Empty
"OK. We've heard this scare story before. But it hasn't panned out. We still drive SUVs, use massive amounts of air conditioning and travel in airplanes all over the world. It's unlikely the public will pay rapt attention to Goodstein"s thesis unless the turmoil in the Middle East results in a shortage of crude oil and gasoline or another boycott of the U.S. for supporting Israel.

But suppose there's more than a nugget of truth in Goodstein's prediction. It won't affect your life, but it will affect your children or certainly your grandchildren. If even a smidgeon of what Goodstein predicts should come to pass, it will impact our economy, our standard of living and the value of investors' portfolios. "


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