DailyDirt: The Curse Of Oil

from the urls-we-dig-up dept

Having huge oil reserves can be an economic curse for a developing country. The natural-resource curse often produces oil-rich nations that are ruled by dictators and are so reliant on petroleum that its economic growth is hindered because all other industries are neglected. The prediction of the end of fossil fuels will come true someday, but the exact time of death isn't easy to forecast because improving technology seems to keep extending the useful lifetime of oil. Here are a few links on the topic of planning for a post-oil economy. If you'd like to read more awesome and interesting stuff, check out this unrelated (but not entirely random!) Techdirt post via StumbleUpon.
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Filed Under: energy, fossil fuel, natural resource curse, oil, peak oil, petroleum, predictions


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  1. identicon
    Anonymous Coward, 29 Oct 2013 @ 4:48am

    Re: Electric Cars

    You still pay for the use of gasoline, in the products you buy and in the pollution caused.

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