Energy Department changes tune on Peak Oil - by Michael T. Klare
Buckle your seatbelt, you may be going nowhere - and it could be a very bumpy ride. Oil futures have just passed $71 for a barrel of "light, sweet crude oil" (sweet for energy stocks, anyway) on its way to ... well, we don't know exactly where, but it won't feel good, not at the pump and not in the economy either.
In the Midwest and scattered other locations, gas prices are already at the edge of $3.00 a gallon and the height of summer isn't even upon us.
Rest of article here
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