Don't let the oil crunch catch us out in the way that the credit crunch did.

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The oil sands catch a lot of flack from the antis for being, among other things, more carbon intensive than other sources of oil.

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These include placing a dome directly over the leaks to catch the oil and send it up to the surface, where it could be collected by ships.

BBC: Growing concerns over Gulf of Mexico oil leak

When Cold Chisel's Jimmy Barnes sang about pushing surfboards through turnstiles in Misfits, or Midnight Oil's Peter Garret howled "catch the bus to Bondi, sit on the beach and wonder", they were not only conjuring a scene familiar to their '80s pub rock audience but more importantly, they captured a uniquely sunlit Australian branch of angst.

BBC: Shore thing: Australia��s beach obsession

Analysts warn that oil could become even more expensive in the second half of the year as supplies struggle to catch up with rising demand.

WSJ: Rising Demand for Oil Spells More Price Pain

That growth is likely to pause to catch its breath after the games, which would be bearish for the prices of oil and all industrial commodities.

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In the oil sector, Exxon (XOM) and Chevron (CVX) are leaders, while some catch-up plays are Pioneer Natural Resources (PXD), EOG Natural Resources (EOG), Anadarko Petroleum (APC) and Schlumberger (SLB).

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Lukoil has been trying to catch up with its smaller rival, Yukos, considered the country's most westernised oil company.

ECONOMIST: OPEC and Russian oil

Coal and gas are still way bigger than oil or nukes in our grid, but my point is really just that an exponential curve can catch up with a linear one in a surprising way. 14% doubling every few years means we could be only a decade away from 100% clean energy.

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