Dilip Hiro
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- Name: Dilip Hiro
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Dilip Hiro is the author of Blood of the Earth: The Battle for the World's Vanishing Oil Resources (Nation Books).
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No relief in sight
The current oil shock 18
Posted 1 year, 4 months agoThis essay was originally published on TomDispatch and is republished here with Tom's kind permission.
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When will it end, this crushing rise in the price of gasoline, now averaging $4.10 a gallon at the pump? The question is uppermost in the minds of American motorists as they plan vacations or simply review their daily journeys. The short answer is simple as well: "Not soon."
As yet there is no sign of a reversal in oil's upward price thrust, which has more than doubled in a year, cresting recently above $146 a barrel. The current oil shock, the fourth… Read More