The Debate About $100 Oil…

by BWK ~ February 13, 2008

Nice article by our buddy Economides, U. of Houston…………. esp this:

“There is a psychological barrier about $100 oil, but it won’t last. Despite talk about alternative energy, oil will dominate the global economy for decades to come. Maybe $100 oil is a good thing, particularly for the American people. Perhaps it will force us to realize that we need to think about oil in a new way, and that might mean allowing oil supply, including drilling in the Arctic and offshore, to take its rightful position in our national priorities.”

Take a look…
http://www.energytribune.com/articles.cfm?aid=711

BWK