Thursday, November 8, 2007

Oil Apocalypse Movie

The Guardian describes an upcoming movie called Crude Awakening: The Oil Crash that depicts a global crisis following the time in which oil production passes its peak and begins to decline, even as developing economies in China and India demand more and more.

In this article, I was struck by a particular line:
Oil companies say that there are still major reserves to be exploited. In particular, Arctic and Antarctic fields - which are being freed of ice and snow as the world heats up - are being sized up for their reserve potential.
One may find better examples of "vicious cycle," but not today.

Read the article: New 'disaster' movie warns world of oil apocalypse

Follow-up: Here are my 2008 reflections on the movie.

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