Latest Graphs

fig_1d_2010_12 fig_1c_2010_12 fig7_2010_12 fig8_opec_2010_12

Oil Price

Fuel shortages in France – some lessons

Peak oil works in strange, unexpected ways.  Accumulated debt and high oil prices (i.e. > $25) caused by limited oil supplies put extreme pressure on public budgets. In another convergence the deteriorating age structure forces governments to reduce their pension payouts. Result: Grèves pétrolières. Voilà.

http://www.france24.com/en/20101019-france-strike-shortage-survival-guide-drivers-search-fuel-websites-internet

We can already observe a couple of points:

(1) Although fuel [...]