Tuesday, January 10, 2012

The Middle East, & The Impending Oil Crisis

The Middle East, & The Impending Oil Crisis 

World oil discovery and production has peaked, our way of life is coming to an end if we do not solve the problem of our dependency on fossil fuels.. Our civilization as we know it is at stake.

On June 23rd, 2005, a group of high-ranking former officials gathered in Washington, DC to explore the potential security and economic consequences of an oil crisis. They found that removing only small portions of the world's oil supply- as little as 4 percent- could have major implications for consuming countries.

 

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