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Gas at the pump at Cdn.$1.50/litre?
Here is another indicator; this time a report from CIBC. It suggests that soaring prices will be a result of the following combination: - the depletion of existing fields,
- delays on new oil-extraction projects,
- a surge in car ownership in countries like Russia and China, and
- the further increase in demand from developing and oil-producing countries alike.
Basically, the gap between supply and demand is widening.
How should we respond to this report from a major financial institution? Are we doing enough? Is it time to pick up this thread again at least?
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Knowing that death is certain and that the time of death is uncertain, what's the most important thing?
—Bhikkhuni Pema Chödrön
Humankind cannot bear very much reality.
—From "Burnt Norton," Four Quartets (1936), T. S. Eliot
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