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At $100 a Barrel, Times Will Never Be the Same

At $100 a Barrel, Times Will Never Be the Same

By now you've probably heard that crude oil closed in the triple digits -- $100 a barrel -- for the first time ever in the history of the oil business. And prices at the pump rose another 2 cents -- overnight. Oil Drum hits the key point here:

The $100 a barrel closing price is a sign that times will never be the same again.

By ignoring this signal, world leaders are steering the world toward an energy disaster characterized by shortages, high energy prices, inflation, civil unrest and famine.