Bad News at the Pump: The Dangerous Implications of $100-Plus Oil | ForeignPolicy | AlterNet:
Three factors, in particular, are responsible for the current surge: intensifying competition for oil between the older industrial powers and rising economic dynamos like China and India; the inability of the global energy industry to expand supplies to keep pace with growing demand; and intensifying instability in the major oil-producing areas.
File this one under FIY. Though tangential to the topic of media per se, the energy crisis is closely tied to media in a structural way. Indirectly, media are funded by petrodollars because the majority of advertising is for cars, thus the industry that builds and depends on a cheap oil economy uses commercial media as a propaganda machine for the dreams that automobiles would deliver us. Anyhow, I thought the article above was a good, simplified perspective on where the oil economy is taking us.
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