Drumbeat: November 9, 2012

Did Sandy offer a peek at peak oil?

The gas shortages and long lines at the pumps in Superstorm Sandy’s wake aren’t just an echo of the oil and energy crises of the 1970s. We may be getting a sneak peek at life amid peak oil.

Peak oil — the point where fuel companies reach the limits of their ability to extract oil, decreasing production and increasing prices — has been in discussion since the mid-1950s and was a hot topic during the 2008 gas crisis. Yet seldom have Americans seen its potential impact beyond their wallets.

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