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KunstlerCast #116: Deep Water Horizon
JHK examines the tragic oil spill in the Gulf of Mexico and the fog of incomplete information that surrounds it. Kunstler sees this incident as further proof that the peak oil story is real. Now that the low hanging fruit of our oil resources has been plucked, the paradigms of our car-dependent society are forcing us to drill under difficult conditions that are hard to control. The return of $4 gallons of gasoline is not far around the next corner and the trauma from this event is already provoking strange emotional outbursts and pockets of denial from the public who do not want to get off…
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