Earlier this week the Obama administration, now the effective owner of the U.S. automobile industry, put Detroit on notice that it has 30-60 days to come up with a believable plan to “restructure” itself or it goes into bankruptcy.
Tag: gasoline
The Peak Oil Crisis: A Turning Point?
Events are moving faster all the time. Some are highly visible such as the falling stock markets, the steadily rising unemployment numbers and the drumbeat of global gloom and doom emanating from the media.
Letters to the Editor for week of February 5 – 11, 2009
F.C. Businesses Failed to Clear Sidewalks of Snow Editor, On my drive home from work Thursday night, January 29, I noticed two people walking out on Broad Street.
The Peak Oil Crisis: What of 2009?
Our wish has been granted for we are indeed living in interesting times. The world’s economy is either collapsing or is putting on a very good imitation of doing so.
The Peak Oil Crisis: Cars – Redux
I hate to keep coming back to cars, but in the last hundred years they have come to be one of the most significant facets of civilization – yet their future is in doubt.
The Peak Oil Crisis: Confusion In the Markets
If you don’t understand what is going on with the price of gasoline and demand for the world’s oil supply, then join the club.
The Peak Oil Crisis: The Crash of 2008
For weeks now the stock markets and commodity prices have been falling. Oil is currently trading around $76 a barrel which is close to a 50 percent drop since the middle of July.
The Peak Oil Crisis: Bailouts & Shortages
We are witnessing one of the most eventful weeks in modern history. Stocks and oil prices plunged on Monday and bounced on Tuesday; credit markets seem to be freezing; the Congress remains in gridlock as members watch the approaching elections fearful of what could happen to their incumbency.
News from the Coffin Corner: Delegate Hull’s Richmond Report
Missed Opportunity At 1:39 a.m. last Thursday morning, the special legislative session on transportation called by Governor Tim Kaine ended.
Senator Mary Margaret Whipple’s Richmond Report
Transportation Session The General Assembly continues to struggle with the transportation issue in Special Session. We are currently scheduled to be in Richmond on July 9th for a last ditch effort to achieve agreement. I am proud to say that the Senate Democrats, on a party-line vote of 21-19, have […]
