Are we heading for a Crude Awakening?

Eoin Gleeson reviews new documentary A Crude Awakening: The Oil Crash, which tells the story of the world's addiction to oil - and how that obsession is dragging the global economy close to collapse.

"Oil is the excrement of the devil the black bloodstream of the world economy," intone the opening words of A Crude Awakening: The Oil Crash and you thought that it was money that makes the world go round.

This stark documentary, out this week, tells the story of the world's addiction to oil, and how that obsession is dragging the global economy close to collapse. As you can tell from the above quotation, directors Basil Gelpke and Ray McCormack don't pull any punches when trying to get their message across.

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Eoin came to MoneyWeek in 2006 having graduated with a MLitt in economics from Trinity College, Dublin. He taught economic history for two years at Trinity, while researching a thesis on how herd behaviour destroys financial markets.