Sunday, March 16, 2014
Inquirer Daily News

Oh, one more thing...the world is still running out of oil -- have a nice day


Remenber all the talk a couple of years ago about "peak oil"? Remember you how forgot all about it the minute that gasoline dipped back below $ 3 a gallon? Remember how you used to believe in the Easter Bunny and that the 2003-04 Red Sox weren't on steroids? Well. now a top official of the world's most credible energy authority is here to tell you that Santa Claus doesn't exist:




Make fun of "Cash for Clunkers" (sure it could be run a lot better -- just like most new ventures in the free market, like the launch of Kentucky Grilled Chicken) and the need for more serious energy conservation measures now, because you won't be laughing in a few years. Meanwhile, we sit back in a daze because it's true that speculators manipulated the oil markets in 2008, creating an artificial price spike. There's an old saying that just because you're paranoid doesn't mean that someone's not out to get you; just because speculators made a crooked buck or two on oil last year doesn't mean that the world isn't running out of oil faster than it thinks.

Programming note: Blogging is going to be very truncated for a lot of August, and non-existent for the middle of the month. More on that later.

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Will Bunch
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