This is a very good article; do read it.  There is one very large area  
that it doesn't address, however, and that's the tentacular influence  
of oil on the worldwide industrial food and commodity system and the  
havoc that in turn is wreaking on ecologies, communities, cultures and  
economies world-wide.

Bill Witt

Quoting Thomas Mathews <[log in to unmask]>:

> _http://www.tomdispatch.com/post/175018/michael_t_klare_the_problem_with_cheap
> _oil_
> (http://www.tomdispatch.com/post/175018/michael_t_klare_the_problem_with_cheap_oil)
>
> This is a must-read article!
>
> There is one slight error:
>
> "Like Russia, these countries adopted expansive budgets on the assumption
> that a world of $70 or more per barrel gas prices would continue   
> indefinitely."
> --The author means oil prices, not gas prices.
>
> Tom
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