Every day, In Some Small Way, People Get the Gist

I am always tickled when somewhat mainstream blogs publish stories that actually are important.

The Energy Information Agency posted it's 2009 forecast today which happen to include a massive decline in future oil production. Perhaps we have to look at what's changed since 2007 or maybe keeping up the energy bonanza facade has grew wearisome.

Anyway, enough of my ramblings. Let The Nation's Michael Klare lay it on ya:

So here's the headline for you: For the first time, the well-respected
Energy Information Administration appears to be joining with those experts who
have long argued that the era of cheap and plentiful oil is drawing to a close.
Almost as notable, when it comes to news, the 2009 report highlights Asia's
insatiable demand for energy and suggests that China is moving ever closer to
the point at which it will overtake the United States as the world's number-one
energy consumer. Clearly, a new era of cutthroat energy competition is upon us.