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$200 Oil Is Coming While We Waste a Perfectly Good Crisis (Part 3) [View article]
A) $200 oil - No. Aside from other alternatives, crops become convertible to oil at some point - my guess is $125. Any spikes above that will fall retatively quickly.
B) IMHO US independence from foreign oil equates to $10 gasoline, via taxation as the most likely alternative. Why?? To terminate urban sprawl and to finance affordable alternative lifestyles, as well as all the other options such as no oil wars. Also, to reduce US contribution to Climate Change.
Disclosure: long DGO, KDKN, WNWG