On Monday, our colleagues over at the Washington Post ran a front-page story in an effort to explain to official Washington why oil prices have soared by $25 a barrel in the last ten weeks and just what it might mean.
On the surface, very little happened during the past week. Hurricane Dean did little damage to oil production and the next major hurricane of the year has yet to form. Oil prices gyrated in the low seventies in response to changing credit crunch news. For a while, Wall Street decided […]
The week between Christmas and New Year’s follows no particular routine. People take the week off to spend time with family or travel on a winter vacation. Workers take vacation time now because, if they don’t use their earned leave, they will lose it. Schools are closed at every level, […]
Across the world governments are scrambling faster and faster preparing for the coming energy crisis. Delegations from China are everywhere making deals for a share of the soon-to-dwindle oil flow. Almost weekly there is a new announcement from Beijing regarding plans for more wind, solar and biofuels. Japan and Korea […]
Events move quickly these days. Two months ago oil was north of $78 a barrel and, nationwide, gasoline was above to well above $3. The Middle East was threatening a conflagration and another exciting hurricane season was in the offing. Even the concept of peak oil was starting to get […]