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BBC NEWS | Business | Is the world's oil running out fast? - 1 views

news.bbc.co.uk/...3777413.stm

Scarcity scarce resources BBC Association of the Study Peak Oil rationing

shared by meiechl f09 on 30 Sep 09 - Cached

meiechl f09 on 30 Sep 09

This article from the BBC exposes the rate at which oil is running out, and the consequences it will have on society. The implication is that the market price of oil is far cheaper than its real value, and this means that consumption is rapidly exceeding production. The article questions whether oil rationing should be imposed in order to preserve this scarce resource.

<div class="cArrow"> </div><div class="cContentInner">This article from the BBC exposes the rate at which oil is running out, and the consequences it will have on society. The implication is that the market price of oil is far cheaper than its real value, and this means that consumption is rapidly exceeding production. The article questions whether oil rationing should be imposed in order to preserve this scarce resource.</div>

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