Sunday, June 08, 2008

Just When You Thought It Couldn't Get Any Worse...

It did. Oil prices have surged higher then they did when I was a teenager. The roughnecks, oil drillers, etc. will be happy in West Texas. Of course, there's 6 months of oil floating on the high seas and demand is dropping, so why are prices climbing through the roof? Someone needs to count barges on the Mississippi.

It might be time for the U.S. to actually develop an energy policy that gets us off of foreign oil. It turns out that Chevron owns Cobasys, the company that makes NiMH batteries for automobiles. Is there a conflict of interest there, or just shrewd business?


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