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| How then, do we move backwards? How does a society, with most of the people having no clue of future events, move from being dependent on a vast and intertwined network of goods and services produced by the indigenous people of whereever, to a local resource and renewable energy based society, and do so in the timeframe available (20-30 years using the most liberal extimates, 10-20 with resonable estimates, 5-10 with worst case scenarios), all the while prices on everything increasing, world politics getting more militaristic, governments continuously reducing civil liberties, shortages of goods on the market and weather patterns resembling bad Hollywood movies?
kpeavey
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| Australia - Fuel adding to all farm costs: SAFF |
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 The South Australian Farmers Federation (SAFF) says high fuel prices are driving up the cost of nearly every aspect of farming, and could even affect interest rates.
The Federation has given a submission today to a select committee on the impact of peak oil.
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| Schools scramble as tougher times hit |
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| WASHINGTON (AP) -- Harder times and higher fuel prices are following kids back to school this fall.
Children will walk farther to the bus stop, pay more for lunch, study from old textbooks, even wear last year's clothes. Field trips? Forget about it.
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| Saudi Arabia: Northern fuel shortages widen |
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| AR’AR – A fuel crisis is the last crisis most would not expect in the world’s largest oil exporting country. The northwestern city of Ar’ar already facing a diesel shortage for the last month is now faced with a shortage of fuel.
Some nine owners of fuel stations filed complaints to the Ar’ar Chamber of Commerce and Industry against Saudi Aramco for not supplying enough fuel to meet their needs, Al-Hayat reported.
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| Kenya: Fuel Crisis Bites As Companies Seek Black Gold |
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| Even with reports that Kenya could have struck oil in Lodwar, the fuel situation in the country has been declared a crisis at the highest levels of Government. And the situation doesn't look promising.
Industry experts now say that there is little the country can do besides planning for the future.
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| Price of oil independence: Eternal conservation |
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Commentary: Recent price drop in U.S. no reason to increase consumption
PORT WASHINGTON, N.Y. (MarketWatch) -- The good news is that the price of crude oil has tumbled more than $33 a barrel from its recent peak. The bad news is that the price of oil has tumbled more than $33 a barrel from its recent peak.
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| With OPEC Planning to Cut Production, the Decline in Oil Prices May Not Last |
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Oil prices have plummeted 24% from the record high levels achieved in July, but the sell-off that sparked a stock-market rally over the last four weeks may not last since the Organization of Petroleum Exporting Countries (OPEC) is already gearing up to cut production.
[...] This bleak outlook could foreshadow a series of production cuts, not just for this year, but in 2009, as well. Here’s a key reason why: Falling oil prices are expected to cost OPEC about $176 billion in lost export revenue over the next two years, the International Energy Agency reports.
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| Bus route changes help district balance budget |
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| CORPUS CHRISTI — When Anne Benning learned a change in her son's bus route this school year would mean he would have to walk almost the same distance to the new bus stop as to the school, she decided she would stomach the high gas prices and drive him each day.
Her son, a Baker Middle School seventh-grader, has relied on the Corpus Christi Independent School District bus system to pick him up a block from his Cole Street house since he started school.
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| Giving Our Children a Gas Crisis of Their Very Own |
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| ...Our boy, who must also budget for the exigencies of a steady girlfriend, has beefed up his work hours since graduation. But his long-awaited raise at the market was only two bits, up to $8.75 an hour. Gloomily, he concluded: “An hour of chasing carts and working the register is not even two gallons of gas. I hate this!”
So do we all — especially when he wheedles for use of the Mom car and its gas. His father and I sympathize with this nasty summer surprise, but we’re quietly glad for its timely window on what’s ahead. The class of ’08, having survived one of the most bruising college admissions seasons ever, will face an even tougher real world four years hence. Though Barbara Ehrenreich’s best-selling book on the ordeals of low-wage American workers, “Nickel and Dimed,” was required summer reading in high school, Sam grudgingly admits that he’s privy to a more affecting set of economic indicators when he punches the time clock.
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| Business Week: Bracing for Inflation |
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| Carlhole writes: Despite the recent softening of oil prices, the U.S. could be looking at double-digit inflation as early as 2009
Growing evidence suggests American consumers, businesspeople, and political leaders should all be bracing for double-digit inflation, probably as early as 2009.
The relative price stability of the past 15 years is giving way to worsening inflation, despite the recent softening of oil prices. The Consumer Price Index for all items shows the inflation rate averaged 2.6% a year from 1992 through 2007 but has doubled since January, reaching an annual rate of 5.6% in July. By next year, the monthly figure could hit double digits, and the inflation rate for 2009 overall could triple 2007's 2.85%.
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| Who's laughing now? Murti's detractors eat crow |
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| Oil prices. Analyst predicted 'super spike'
We are not returning to an era of cheap energy.
It was three years ago, an eternity in the foggy world of commodities trading, when Arjun Murti, a New Jersey native and analyst at Goldman Sachs, published a research note that competitors charged was riddled with irresponsible conjecture.
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| Oil drops below $114 on slowing economies |
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| Oil prices skidded further Friday, falling below $114 on signs that the world's largest economies are weakening and on OPEC's prediction that energy demand will decline.
The dollar, which is rising in response to concerns about the global economy, also sent oil lower.
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| Drivers Spend More on Fuel Than Cars for First Time Since 1982 |
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| (Bloomberg) -- Consumers spent more on gasoline than vehicles and parts for the first time in 26 years in May and June, as U.S. pump prices headed for a record.
Gasoline accounted for about 4.4 percent of spending in June, compared with 3.9 percent for autos and motor parts, according to the U.S. Bureau of Economic Analysis. Both were at about 4 percent in May. The last time gasoline exceeded cars and parts as a percentage of spending was in January 1982.
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| $65 oil is coming (maybe) |
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| A top analyst expects crude prices to start plummeting. If you don't believe it, you're not the only one, and a few stocks look good if you're in the skeptics' camp.
If you're frustrated over the high cost of gasoline at the pump, don't trade in your Hummer for a Vespa just yet: A leading energy analyst is telling clients these days to prepare for crude oil to retreat back below $65 per barrel over the next three years.
How could it happen? He says conservation, new drilling, efficient new vehicles, alternative energy sources, a rising dollar and a global recession will combine to blast prices back to the Stone Age -- or at least to last year's levels.
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| Dreading winter's bitter bill |
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| Heating costs are expected to climb this winter putting additional pressure on Americans already hurt by high gasoline and food prices.
NEW YORK (CNNMoney.com) -- Home heating bills are expected to soar this winter and Americans, already struggling with high gas and food prices, are bracing for more financial hardship.
On average, consumers are expected to pay $1,182 to heat their homes this year, up 20% from last year, according to recent estimates from the Energy Information Administration (EIA).
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| Pickens says oil won't go below $100 |
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| NEW YORK (Reuters) - Texas oil billionaire T. Boone Pickens said on Thursday crude prices may soon fall as low as $110 a barrel amid falling gasoline demand, but should not sink below $100 because the United States depends heavily on oil imports.
"I don't think it'll drop below $100," Pickens told Reuters in a telephone interview. "I would say $110 is where it might go, something like that."
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