Last Tuesday (June 24), I made this prediction: “We could see a quick run-up past $140 towards $150 within the next two weeks. And we could see the first signs of shortages by the end of August.”
A barrel of oil went for $136.74 on June 24. On Wednesday, it dropped $2. But it topped $140 [...]
The State of Vermont is showing leadership in advance of this winter and any possible future fuel crisis.
Rutland Herald: Dubie’s declaration spurs action
Dubie is Lt. Gov. Brian Dubie, who recently held a press conference to declare an emergency in advance of the winter heating season. Gov. James Douglas is also involved. Douglas created the Vermont [...]
I haven’t heard anyone refer to rising food prices as a “bubble” yet, but I have noticed that a lot more people are paying attention to where it comes from, and whether there’s enough of it to go around. Some are starting to think about how to get their food more locally.
Then there are those [...]
It looks like people are finally starting to appreciate Peak Oil. This Memorial Day weekend will be a big test to see whether the high price of gas is going to have an impact on demand. There is still a chance that prices will come down a little as a result of a reduction in [...]
WSJ: Load Up The Pantry
Brett Arends starts off this piece with “I don’t want to alarm anybody, but maybe it’s time for Americans to start stockpiling food.”
Arends is not appealing to your stomach, though; he’s appealing to your bank account. I agree with him that it’s a good idea. The difference is, Arends sees this [...]