Thursday, January 23, 2020
Peak Free Oil
Once upon a time the USA was a remarkably oily nation, with prolific oil wells such as the renowned Spindletop in East Texas. Juvenile USAnians competed against each other on who could burn the most rubber while getting the shittiest gas mileage. I caught the tail end of that failed experiment: my first car was a monstrous, hulking land yacht: a ’68 Chevrolet Caprice. In 1970 a phenomenon called Peak Oil arrived in the US, oil production fell and drastic steps became necessary. One of them was to convert from a “take our dollars or our gold” scheme to a “take our dollars or else” scheme: if you don’t like dollars, we also have bombs. Another was to start going directly after the oil wherever in the world it is found and trying to take it without paying for it. But all things, good and bad, must come to an end eventually, and free oil is no exception. In fact, what we may be witnessing at the moment is a phenomenon I wish to call Peak Free Oil.
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