Peak oil is costing the world $2.6 TRILLION a year!

“At US$25 per barrel – the historic average – 90 million barrels would be US$2.25 billion every day on oil expenditure. At US$105 per barrel, that amounts to US$9.45 billion per day. This is a difference of US$7.2 billion every day, an extra cost to the global economy which is primarily a result of crude oil having peaked. It lacks credibility to pronounce the death of something costing the global economy US$7.2 billion every day – or US$2.6 trillion every year.”

http://theconversation.com/peak-oil-is-alive-and-well-and-costing-the-earth-17542

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