[Peakoil] Peak cheap oil is an incontrovertible fact

[Jenny Goldie]

Peak cheap oil is an incontrovertible fact
Telegraph (UK)
26 August 2012

Brent crude jumped to $115 a barrel last week. Petrol costs in Germany and across much of Europe are now at record levels in local currencies. 
Diesel is above the political pain threshold of $4 a gallon in the US, hence reports circulating last week that the International Energy Agency (IEA) is preparing to release strategic reserves. 

http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/9500667/Peak-cheap-oil-is-an-incontrovertible-fact.html