Mentat: That class of Imperial citizens trained for supreme accomplishments of logic. "Human computers."

Thursday, November 01, 2007

Crash

Though this article never mentions the words once, this is pretty clear evidence of peak oil. The article states: "ExxonMobil, the world's largest oil producer, today reported a 10% drop in third-quarter profits despite the soaring price of oil. It blamed a drop in production levels, with yields falling at some of its mature oil and gas fields, and lower profit margins. "

How can you be losing money with oil at $93 a barrel? Because you're running out of the easy to reach stuff.


Almost there.

Now hopefully this civilization can collapse before some genius decides to set off a nuclear weapon. And I had better learn something useful because I don't think blogging will fill my belly.

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1 Comments:

Blogger Mentat Oom said...

And two days later it breached $96.

12:31 AM

 

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