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Are you ready for $6 gasoline? -- Oil shortages are likely to occur 2016- 2017 with Peak Oil

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Uploaded on Oct 26, 2011

When will the world face oil shortages? Iraq may be destabilized by Iran after U.S. troops depart December 2011 and its oil production placed at risk. Saudi Arabia's growing population may consume its entire oil production by 2018. The Alaska pipeline may have shut down by 2018 as oil flow decreases with lessening production. Hydraulic Fracking has been linked to water contamination and earthquakes and environmental litigation could slow its use.

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