Wednesday, November 20, 2013

Imminent peak oil could burst US, global economic bubble - study

Nafeez Ahmed: "The study notes that "oil shortages pose a high risk for economies" and points to evidence that high oil prices were a "partial cause" for the 2008 global financial crisis. Focusing on the US economy - the biggest consumer of oil and oil-based products in the world - the study found that all major industrial sectors were at risk, including food and food processing, primary agriculture, metals and metals processing, and transport:"

'via Blog this'

No comments: