Goodbye to Cheap Oil

Michael T. Klare, TomDispatch.com: "Every summer, the Energy Information Administration (EIA) of the US Department of Energy issues its International Energy Outlook (IEO) - a jam-packed compendium of data and analysis on the evolving world energy equation. For those with the background to interpret its key statistical findings, the release of the IEO can provide a unique opportunity to gauge important shifts in global energy trends, much as reports of routine Communist Party functions in the party journal Pravda once provided America's Kremlin watchers with insights into changes in the Soviet Union's top leadership circle."

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