Friday July 20, 2007 | ${log.root}/lowem.log Inflation, Investing and Everything |
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energybulletin.net -> theoildrum.com : Below is a list of countries with reported energy shortages occurring within the past few months. Pretty amazing when you see the number of places around the world that are being affected right now. While Americans and Europeans may grumble about paying more to fill up their comfortable vehicles, a lot of people in poorer areas are sweltering in heat, freezing in the cold, reading by candlelight, and having trouble getting to work, if their place of work is still in operation. We are just beginning to see the early demand destruction that will surely accelerate as fossil fuels start to become supply constrained.
Asia and Middle East - As I've said to some before, if we were to take the Roman Empire approach, the decline starts at the edges, while the centre seems to hold. At least, until the hordes overrun the place. Well I don't know - seeing how the lunch-time crowd behaves around here, and the crazy drivers on the roads nowadays, maybe the hordes have already arrived. But really. Here are some earlier posts on how energy shortages have been hitting developing countries. See also : 1. Nigeria runs out of jet fuel (2007-07-20 12:39:41 SGT)
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Posted by 127.0.0.1 on July 20, 2007 at 02:59 PM SGT #