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3 Years Of Painful Cuts Sets Oil Markets Up For Serious Supply Crunch

Green Car Congress

Total global oil production could decline for the next several years in a row as scarce new sources of supply come online. According to data from Rystad Energy, overall global oil output will fall this year as natural depletion overwhelms all new sources of supply. A sharp rise in oil prices would spur new investment and new drilling.

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Electric Cars and a Smarter Grid - Green Inc. Blog - NYTimes.com

Tony Karrer Delicious EVdriven

Sven Thesen, the communication and technology director for Better Place , a start-up that is gaining traction (see this recent New York Times article ) in its effort to create a network for electric cars in various countries, likened the concept of electric cars to cellphones. Oil is the alternative. — Bada Bing 9.

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