Summary: Stranova Strategic Edge, Vol. 9, Published May 22, 2006. The recent dramatic rise in global oil prices, with echoes of a similar crisis some 25 years ago, brings with it an important opportunity to understand why we get into these situations, as well as to consider some new approaches to at least mitigating the problem for the near-term. Adding to the dilemma is that the overall world oil supply is slowly, but surely, being literally “tapped out”, and significant actions must be taken soon, or our children’s children, at the least, will be dealing with an enormous problem for civilization as a whole. This episode explores how business and government are already responding, and suggests some new categories of solutions and opportunities emerging in this sector.
