No Moss

Charlie Maxwell to Barron's: $300 Oil is Inevitable

Well, it's an easy call to predict a peak in oil if demand exceeds supply. The obvious answer to this is to develop alternernative fuel for transportation (electric or CNG) and reduce the use of oil for heating (replace it with solar, elecltric, or natural gas).

We saw demand fall as oil approached $150, helped by reduced transportation of all sorts. It will take price pressure to make significant changes in our habits, and the sooner the better. It's unrealistic politically, but the US needs to put a higher tax on fuel and punish "gas guzzlers" with an annual excise tax of say, $2000).