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Dirty Greek - France Prepares for 'Oil Shock'
  Peak Oil : France Prepares for 'Oil Shock'
You are NOT on the DirtyGreek.Org homepage. Please CLICK HERE to go there.

If only we were this cautious:
"PARIS, France (Reuters) -- Car-pools and driving restrictions could help shave at least a million barrels a day from industrialized nations' oil demand in the event of a supply crisis, the International Energy Agency has said.

They are among measures an IEA study 'Saving Oil in a Hurry' says consuming nations must plan to ease potential shortages and price rises which could result from a large disruption to international supplies.

Oil prices have already risen to record highs above $58 this year as surging demand in Asia's emerging economies pushes world supplies close to current capacity. Goldman Sachs bank has warned of a potential 'super-spike' to $100 a barrel.
I saw "OIL SHOCK - Ready for a fuel crisis?" as a headline on CNN and thought someone in the media was finally getting brave. Alas, no.
Posted By George on 05/19/2005 @ 03:29 PM | Link and Discuss (0) | More
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My Related Posts: I have this idea about Iraq // Dover AFB photos // June 18, 2004 // IMF Warns 'Permanent Oil Shock' // I'm crazy //
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