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The daily chum created by my brain while browsing the Internet.
Blog Archive
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2009
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November
(28)
- Not so smart.
- Know your enemy.
- Anon FTW!
- Meant to be mocked
- Now that's dark.
- Holy SCIFI Crap!
- I'd drive the balls off of it!
- Magically Tacky
- WTsuperF?
- It's WAR!
- I'd drive it.
- The Definitive Black Friday List
- Do you hear trumpets?
- Honesty at last
- Oil Scam
- Ah...the irony.
- The past is now.
- Seriously?
- Representative
- Nice weave
- The Looming Showdown
- That sucks
- RIP PC Gaming
- The Undead Car Brand
- Meet in the middle
- ACT NOW!
- Subscribers wanted?
- Awesome Costume
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November
(28)
4 comments:
i knew the oil market was manipulated but not in this manner. As they say hogs get slaughtered. they are just tightening their own noose. with high prices the world will shift away from oil.
It'll take decades even under the best of conditions to migrate off of oil. I fully expect there to be AT LEAST two more major price spikes in the next decade and at least one of those will be serious enough to break our economy. If the rumors that the gulf states are trying to create their own "index currency" to price oil are true then all bets are off. This kind of outright manipulation will become even more widespread.
it didn't take us decades to switch over from coal to gas or electric. It can be done if there is enough will. 2-3 years but people gotta want it.
Problem is that from an enviromental perspective it would be a disaster for us to all go from Oil powered cars to coal fed electric cars in such a short span. Not to mention that our existing electrical grid can't even begin to handle the demand that would result from such a sea change. We need massive infrastructure upgrades to pull that kind of rapid change. Of course that could employ millions and totally jump start our economy but who would want that?
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