Oil prices surge to new high

Guardian Unlimited | The Guardian | Given the fact that oil production has peaked /is peaking it seems that prospects for cheaper oil are small. Which is bad news for the world ecopnomy as currently configured though good in the medium to longer term for renewables which are already been looked at again by a far bigger audience/market. The trick will be managing, if possible, the transition form oil-based to remeables based energy with as little harm to people and planet as possible ...