Ugo Bardi: Italy implodes

#peakoil Ugo Bardi: Italy implodes: Image: fuel consumption in Italy. Slightly modified from “Mondo Elettrico” (...

Image: fuel consumption in Italy. Slightly modified from “Mondo Elettrico ” (click to enlarge) In a post that I published in 2008 , I wondered whether Italy could survive as an industrialized country with oil over $ 100 per barrel. Four years later, we have seen oil prices going through a cycle of collapse and return to high levels. Italy showed signs of recovery during the low price phase, in 2009, but the last two years with oil at over $ 100 per barrel seem to have hit hard the Italian economic system. In a post written on the blog “Mondo Elettrico “, (in Italian) Massimo de Carlo summarizes the most recent data on fossil fuel consumption in Italy. Let me report a translated summary of the text of a press release of the Italian “Unione Petrolifera ” reported in De Carlo’s blog: Automotive fuels have shown the following trends: gasoline has seen a reduction of 18.2% in c...

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