Written by News

Oil

Oil prices are rising again, and over the weekend I read a couple of good pieces about where we’re going with oil. First there was this piece in The Observer (the online version of which is sadly lacking the longterm oil prices graph). It actually accompanied another fascinating article about Shell’s recent travails.
Then I read the cover story from this month’s National Geographic (online version not fully available). This was quite an eye-opening piece detailing where any likely new oil is going to come from, but that we’d all better start facing the fact that there are going to be serious oil shortages in our lifetimes. The article even raised the question about whether it was oil that was the real reason that Bush went to war. Yes – I know that quite obviously it was, but the fact that National Geographic asked the question says something.