The Collapse of the Old Oil Order. How the Petroleum Age Will End

Current oil demand is incredibly high, which makes the Middle East of utmost importance as it has the largest remaining reserves of oil left in the world. However, the unrest that is currently spreading throughout the region will inhibit its ability, and willingness, to continue producing at such high levels. Michael Klare, author of Blood and Oil, argues that the Pretroleum Age will end as the unrest topples the Western backed authoritarian regimes that have kept oil flowing to the West...More