Same Old Song And Dance
It may be a new year on the calendar, but man, the story hasn't changed much, has it?
While the ethanol debate continues to unfold (and continues to look tragic), and supplies of crude oil keep falling (down 1.2% compared to same period last year - even in the absence of winter in most of the US), and Norway sets expectations for lower oil production (this is what depletion looks like, folks), and while we view images like the one below that shows an epic traffic jam in China ...
... the price of oil continues to oscillate like a Cuisinart and we read news that sales of hybrids are on the downslope.
Refreshing stuff, eh?
The energy complex appears to be floating aimlessly in no-man's land. Global warming appears to be settling in like a fat man at the all-you-can-eat buffet. The slow-motion energy crisis marches forward at the pace of a snail. Although I feel like I could have "skipped" 2006 and not missed much of anything, I can't wait to see what happens next week!
