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Tuesday
Jan242006

Experts See $100 a Barrel Oil

I am not an alarmist, but this whole energy thing is really getting a little scary. How far do oil prices have to rise before market forces drive the development and profitable implementation of new technology? I have a hunch this will be the issue in the next election cycle. The war is old news. Energy costs affect everyone.

McCain is right:

U.S. Senator John McCain, an Arizona Republican, said the United States needs to develop alternate energy suppliers to avoid being held hostage by "Iranian mullahs" and "wackos in Venezuela." McCain said on Fox News that the U.S. must "get on a track to energy independence from foreign oil," including reliance on nuclear power.

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