THE world will have to find four Saudi Arabias by 2030 if it wants to maintain its oil dependency, the International Energy Agency says. The reality of peak oil is fast approaching, and more must be done to develop and encourage the use of alternatives including solar and nuclear, the agency's chief economist has warned. "My main motto never changes, the era of low oil prices is over," Dr Fatih Birol said.

That's the verdict reported today in The Australian. I thought I'd check to see what other sources had to say about Birol's assertion, but I cannot find a single U.S.- based source reporting it, other than blogs that are dedicated to peak-oil issues. This is rapidly becoming a crisis, and almost nobody is discussing it in America. Not just here, of course-- study groups in Britain have been trying to get their government to begin planning for the reality of peak oil for years, and now they are saying it's simply too late. (see this also).