ABC Catalyst: The Oil Crunch

This is a couple of weeks old now, but I've just come across it. Opening with the price of petrol is where the popular imagination usually goes, but will not be where the effects of declining access to cheap energy are most dramatic. Watch food prices and the global economy. And watch the increasing rush to drill in ever more inaccessible places (the Arctic) and for ever less useful forms of fuel (tar sands).