What will it take to trigger an oil crisis?

Question: What would it take to trigger an oil crisis?

Michael Klare: We are having an oil crisis today. It’s going to get worse. I think that we have a situation today where is the result of higher demand, which is produce by growing competition for oil from between the older industrial powers on one hand and the rising powers like China on the other hand, and slow down in this supply are discuss at and the inability of the oil industry to pump out more, but we could have other factors making this situation even more severe. We could have another bad hurricane season, like we had with Katrina and that’s likely given global warming and the intensification of severe storm activity in the Gulf of Mexico or we could have a war with Iran, which Vice President Cheney seems determine to trigger or some other crisis in oil producing country, Nigeria for example or somewhere else, that would double the price of oil from what we have today. Either any of the combination of those, if two or three of them happened simultaneously will be in very bad shape.

Recorded: 3/14/08

We are in the midst of one already, Klare says.

LinkedIn meets Tinder in this mindful networking app

Swipe right to make the connections that could change your career.

Getty Images
Sponsored
Swipe right. Match. Meet over coffee or set up a call.

No, we aren't talking about Tinder. Introducing Shapr, a free app that helps people with synergistic professional goals and skill sets easily meet and collaborate.

Keep reading Show less

Can the keto diet help treat depression? Here’s what the science says so far

A growing body of research shows promising signs that the keto diet might be able to improve mental health.

Public Domain
Mind & Brain
  • The keto diet is known to be an effective tool for weight loss, however its effects on mental health remain largely unclear.
  • Recent studies suggests that the keto diet might be an effective tool for treating depression, and clearing up so-called "brain fog," though scientists caution more research is necessary before it can be recommended as a treatment.
  • Any experiments with the keto diet are best done in conjunction with a doctor, considering some people face problems when transitioning to the low-carb diet.
Keep reading Show less

Golden blood: the rarest blood in the world

We explore the history of blood types and how they are classified to find out what makes the Rh-null type important to science and dangerous for those who live with it.

Abid Katib/Getty Images
Surprising Science
  • Fewer than 50 people worldwide have 'golden blood' — or Rh-null.
  • Blood is considered Rh-null if it lacks all of the 61 possible antigens in the Rh system.
  • It's also very dangerous to live with this blood type, as so few people have it.
Keep reading Show less

Want to age gracefully? A new study says live meaningfully

Thinking your life is worthwhile is correlated with a variety of positive outcomes.

YOSHIKAZU TSUNO/AFP/Getty Images
Surprising Science
  • A new study finds that adults who feel their lives are meaningful have better health and life outcomes.
  • Adults who felt their lives were worthwhile tended to be more social and had healthier habits.
  • The findings could be used to help improve the health of older adults.
Keep reading Show less