The world is not running out of oil but once we passed Hubbert’s Peak a few years ago, the age of cheap oil ended forever. All the major powers recognize this — Russia, China, the European Union, Japan and the U.S — and that’s why the competition to control the Middle East’s remaining sources of flowing oil is becoming fierce.
Two guests examine this critical issue: Matt Savinar ( www.lifeaftertheoilcrash.net ) explains Hubbert’s Peak and how this is already affecting life in the West, a change which will only increase with time.
Then Lutz Kleveman, author of ( www.newgreatgame.com ) examines the political consequences of the Middle East oil competition.
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