The Wall Street Journal’s Buzzwatch blog looks at 50 Things Being Blamed on Rising Oil Prices, gathering together newspaper reporting that links high oil prices to cutbacks in school field trips, airline layoffs, the rising price of tires, gas theft, and on and on…
Meanwhile, the cover story of the latest issue of the New Scientist is titled “Oil Shock: The real crisis has yet to hit.” More likely “than ever before,” the article says, is the possibility of “economic catastrophe … triggered next time there is a glitch in the world’s oil supply.” The article can be read online here.
Power Politics
July 3, 2008