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  • The Mixed Blessings of $100 Oil [View article]
    It may be that the oil spike of '08 was warning #2 (and the 70's was warning #1). Given the sad state of our culture and the perception that the size of a person's transportation appliance confers status, I have no doubt we will slip into the habits of the past at $3/gal. We might even think ourselves lucky to be paying such a "low" price.

    It's not so low though when someone you know gets killed in an oil war, inflation rises above 5%, and the government does more to protect the investments of foreigners (FNM and FRE bailouts) than it does for its people.
    Sep 09 17:06 pm |Rating: 0 0
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