The elephant (oilfield) in the room
I can't find a major American news outlet that has published what is surely one of the biggest stories of 2008: the International Energy Agency's ominous about-face on the issue of peak oil. The report is admittedly heavy reading. George Monbiot in UK's Guardian cuts through the technocratese and provides essential context. The bottom line, as Monbiot writes, "we're in deep doodah."
The IEA has long soft-pedaled peak oil, saying world supplies wouldn't peak until 2030 (as if that gave us a lot of time to prepare for the transition). For the first time, however, the agency did a more in-depth inventory of the world's oilfields. Now it says peak could come in 2020. I think we're already there. But either way, this is an issue that will dominate our lives more than terrorism, Iraq, Afghanistan, the financial meltdown or even global warming — and it is intertwined with all of those. There is no bigger national security issue. But Americans aren't talking about it.
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