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A Slippery Slope Ahead for Oil
Dr. James Schlesinger says the U.S. attitude towards oil “has only two modes – complacency and panic.”
Schlesinger should know. In the 70’s he closely watched the Middle East as the U.S. Secretary of Defense. Then he would move onto become the first U.S. Secretary of Energy when oil prices were really starting to move up during the Carter Administration.
He was in the thick of the oil panic of the 70’s. And he was there, holding numerous seats on oil companies’ boards of directors, during two decades of complacency.
Oil is hovering around $50 a barrel and we’re at the middle…
2Dec2008 | Q1 Publishing | 0 comments | ContinuedFixing the Energy Policy is the Number One Priority
Energy Game Day: It’s Time to Suit up and Play
With the price of oil doubling in the past year, there are more fingers being pointed than solutions being offered. Unfortunately, one of the biggest “culprits†garnering much of the blame has been the oil speculators. Congress has decided to make them the scapegoat for our energy concerns, and unfortunately many under-educated members of the public are beginning to lap it up.
Speculators are speculating because there is something about which to speculate. (Let me thank my sixth-grade English instructor for teaching me how to compose that sentence.)
Remember when oil ran…
15Jul2008 | The Penny Sleuth | Comments Off | ContinuedOil Speculation: It’s the Energy, Stupid
With the price of oil doubling in the past year, there are more fingers being pointed than solutions being offered. Unfortunately, one of the biggest “culprits†garnering much of the blame has been the oil speculators. Congress has decided to make them the scapegoat for our energy concerns, and unfortunately many under-educated members of the public are beginning to lap it up.
Speculators are speculating because there is something about which to speculate. (Let me thank my sixth-grade English instructor for teaching me how to compose that sentence.)
Remember when oil ran up back in 1979 and 1980, when the entire…
9Jul2008 | Whiskey and Gunpowder | Comments Off | Continued
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