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Panic! at the Citgo: Running Out of Oil, and Why 450 is the New 350.
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11-11-2009 4:16 PM
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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/a2e02dc5-8844-4958-8d99-af85106c0d0a/29224B48-7868-4308-AC1A-0568032689C2/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.care2.com/causes/global-warming/blog/panic-at-the-citgo-running-out-of-oil-and-why-450-is-the-new-350/" href="http://www.care2.com/causes/global-warming/blog/panic-at-the-citgo-running-out-of-oil-and-why-450-is-the-new-350/" style="font-size: 11px;">www.care2.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.care2.com/causes/global-warming/blog/panic-at-the-citgo-running-out-of-oil-and-why-450-is-the-new-350/">Panic! at the Citgo: Running Out of Oil, and Why 450 is the New 350.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.care2.com/causes/global-warming/blog/panic-at-the-citgo-running-out-of-oil-and-why-450-is-the-new-350/"><STRONG>Oil supplies in flux <BR /></STRONG><DIV>According to<A target="_blank" href="http://www.guardian.co.uk/environment/2009/nov/09/peak-oil-international-energy-agency"> a report in the Guardian</A>, the Agency may have deliberately overstated world oil supplies, in order to avoid a worldwide buying panic. An unnamed (and therefore unverified) sources claim that the US has played an influential role in encouraging the organization to "underplay the rate of decline from existing oil fields while overplaying the chances of finding new reserves." Another (also unnamed) source was quoted as saying "We have [already] entered the 'peak oil' zone. I think that the situation is really bad." </DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.care2.com/causes/global-warming/blog/panic-at-the-citgo-running-out-of-oil-and-why-450-is-the-new-350/">So whether for the planet or the pocketbook, it's time to wake up. Things simply will not stay the way they are. We can either start spending on clean energy and efficiency now, or pay even more for the privilege of using up more fossil fuel and polluting the planet, with dire consequences. Why does this seem like a difficult choice? </blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/29224B48-7868-4308-AC1A-0568032689C2/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
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