Our economic perturbations become more bizarre every day.
Someday peak oil will be about high gas prices and lines at the pumps, but for the time being it is mostly about numbers – lots and lots of numbers.
SAN ANTONIO — It takes more money than ever to make a bottle of wine these days. The cost of the bottle itself has gone up, as have the prices of corks and even foil caps.
The situation is not good. Our average gasoline price just climbed past $4 a gallon and all indications are that it will continue to rise. After Goldman-Sachs made headlines by telling us that oil is going to $150 or maybe $200 a barrel in six months or maybe two years, […]
The evidence is mounting that the U.S. might just encounter the first real crisis of the oil depletion age before the year is out.
Fuel prices alone are unlikely to bring America to its senses.
Based on recent experiences, some believe this week’s interest rate cuts soon will send oil to circa $120 a barrel.
The latest entry in the adult beverage world’s “most expensive product” category comes in the Cognac subdivision.
Let’s start with the obvious. Unless something very bad happens this year – a big meteor strikes the earth, a good sized war in the Middle East, or a major sabotage operation– we are likely to consume another 31 billion barrels of oil or, as we call it these days, […]
The evidence is growing that it is going to take a really major event to get America out of its beloved and seemingly essential automobiles. Even with gasoline running a dollar a gallon higher compared to this time last year, consumption is holding about the same or even creeping up […]