junkyarddog

A Crude 10 Year Perspective: The DJIA, Oil and Gold

This article is awesome!! I just have one suggestion: since 1999 the dollar has lost at least 30% of its value; just compare it to the Euro if one wants to make it really simple. Then add inflation on top of it and the adjusted price of oil in 1999 would not present as large of a gap (hey: I know it's still large! :-)).

The author's main point still stands, I'm just making this suggestion to make the comparison more realistic.

One last point: oil can still be refined from tar sands and coal. Sweet crude is the only economical option for now, but there are plenty of more expensive "non-sweet" reserves. Again, I'm not trying to say we're not in an energy crisis, all I'm saying we still have time to fix this.

Best wishes,

Roger

Reasons to Love 3-Digit Oil

A little comment about hybrid cars: they don't work. Well, at least not when you drive over 30 mph when the "fossil" engine kicks in.

I don't know about you, but if I drive 30 mph or less where I live, I'll cause an accident. Hybrid cars (electric) are definitely a step towards the right direction but right now they do little or nothing to solve our transportation problems.