We're not running out of oil, just cheap oil
In this eighth video in the series ``Peak Oil and a Changing Climate'' from The Nation and On The Earth Productions, investigative journalist and author of Armed Madhouse, Greg Palast, who is currently raising money for a film on Big Oil, says the world is not running out of oil, just cheap oil.
As a US economic rebound stalls and threatens to spiral into recession, oil demand in the world's top consumer may be slipping into an irreversible decline.