The Future of Oil
Source: NYTimes
Oil has reached a record high at $116 a barrel. The economy is bad unless you are an oil man. Don’t worry, you’ll get your great depression bonus later this year, then the $600 you get can go right in your gas tank where it belongs.
The problem with oil is that the only alternative offered uses up our food supply which in turn raises the costs of everything. If that doesn’t make you feel all warm and fuzzy inside, wait until you get into the article.
Today’s tensions are only likely to get worse in coming years. Consider a few numbers: The planet’s population is expected to grow by 50 percent to nine billion by sometime in the middle of the century. The number of cars and trucks is projected to double in 30 years— to more than two billion — as developing nations rapidly modernize. And twice as many passenger jetliners, more than 36,000, will in all likelihood be crisscrossing the skies in 20 years.
badnews @ April 22, 2008