I should have known and checked on Saturday. The Bush administration, top to bottom, releases bad news on Friday. This rule even applies to fairly obscure agencies like the Energy Information Administration, which updated its world oil supply and demand numbers Friday. The news is bad once again. (To see the numbers, click here scroll […]
Oil futures hit $100 a barrel. That didn’t take long.
Not all the numbers, but some significant ones. As we ring out the year, the price of gas averages $2.98 per gallon in the US, up 64 cents from a year ago. The price of oil is $96.93 per barrel, up from $55.95 at the end of 2006. Gold is selling for $840 an ounce, […]
This is why we’re doomed when it comes to global warming. The science in clear and abundant, sensible options for reducing emissions of carbon dioxide are many and available – although each will require some inconvenience and cost. Our leaders, however, who can see no interest beyond their own terms of office, will only commit […]
Cambridge Energy Research Associates is likely to release the 2008 edition of its “Gasoline and the American People” report soon. Before they do, I’d like to call attention a telling statistic from the 2007 edition: Number of cars per thousand of population: United States: – 1,148 India – 11 China – 9 It’ll be interesting […]
The Gathering Storm?
In the autumn of 1979, I was a college freshman; majoring in history and watching it unfold. The Solidarity movement emerged from the shipyards of Gdansk as I arrived at school. Eight weeks later, Iranian students took staff at the US embassy in Tehran hostage. Soviet troops invaded Afghanistan on Christmas Eve. Each event sounded […]