Alibi V.14 No.21 • May 26-June 1, 2005 


The Long Emergency

What's going to happen as we start running out of cheap gas to guzzle?

A few weeks ago, the price of oil ratcheted above $55 a barrel, which is about $20 a barrel more than a year ago. The next day, the oil story was buried on page six of the New York Times business section. Apparently, the price of oil is not considered significant news, even when it goes up five bucks a barrel in the span of 10 days. That same day, the stock market shot up more than 100 points because, CNN said, government data showed no signs of inflation. Note to clueless nation: call planet Earth.

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