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Tuesday, August 5th, 2008...7:40 am

DrumBeat: August 5, 2008

Jump to Comments Oil Prices and the Media: Why the Blackout on Peak Oil If the peak oil folks are correct -- and I'm not saying they are, but their predictions seem to be coming to pass, so they deserve a decent hearing in the world media -- it constitutes a story of immense importance. The world runs on oil. The prosperity of the middle classes of the industrialized world was built on it. So was the green revolution that allowed world population to increase from two billion to six and a half billion. So was

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