We are in real trouble. Not just the Labour Party, true as that is, but all of us. Oil is now at $135 a barrel. That is way past what's called Peak Oil, where the cost of oil outweighs its benefits and the energy used to extract it is greater than the energy it then provides.
These are dangerous times. And yet we still seems not to have grasped the problem. The debate is about tax on fuel or the price of food. Both are important but we are so addicted to oil that neither will be dealt with unless we deal with our addition.
The trouble is that the first step to dealing with an addition is admitting that you have an addiction and that is a long way off.
I made some predictions at the start of the year with mixed results. But this one I am confident but scared of: we are now entering the era of peak oil and from it there is no return, But the consequences for us all are horrendous .
Keith Simpson's Christmas Reading List
6 hours ago