Crashnburn

Have We Reached Peak Oil?

What about ANWAR and all the US coastal reserves that are off-limits?

Have you ever looked at how much the price of gas at the pump is actually taxes. I have no data, but I think that if the taxes went away, and the subsidies went away, the price at the pump would be less.

I am long oil in the form of VGENX

Revving Up the Electric Car

All this is to the good. However, Plugins will add to the demand on the electric grid Ideally, the cars are recharged at night, so they won't add to the demand during the day for business and A/C during the hotter months, but we'll need to add capacity because of the cars.

Also, an electric only vehicle will need a long range, quick recharge time, and recharge stations as common as gasoline service stations. Plug-in hybrids will mitigate these factors, but then you are back to oil.