Oil

[From MARS]

I fear we haven't learned a thing from our recent economic troubles nor does it seem we learned much from the runup in gas prices just prior to that decline. Here we are, just a couple of years later, buying SUV's and putting purchases on our credit cards. I'm still baffled that GM had to discontinue manufacturing Saturns when they easily were one of the cheapest and most reliable, fuel efficient cars available, and if a neighbor's accident experience is any indication, darned safe, too.

Tom

 

[GREGFUESS]

Tom, you are right on target. Though I do believe we have learned one thing, and that is that the same people who profited from the 2007 crash are still calling the economic shots. If they can loot the US Treasury under Bush, why not under Obama, too? Seems that this is the case.

As I recall, though the economic forces that collided with Hitler took the violent route to resolution... Even the non-violent route pursued by Ghandi and King were not without violent consequences. A sad commentary on the human experiment.

 

[visian]

A sad commentary on the human experiment.

yeah? wait until there ain't no gas.

 

[GREGFUESS]

If I could only show you the TV commercials that the OK and TX gas drilling companies are showing in PA. According to them, any issues with fracking and water wells were resolved long ago in TX and OK. Typically, the commercials end with some statement like ..... "we wouldn't foul our own water, would we?.

Are you saying they might be "spinning the story"?

Spinning the story, part 2: http://green.blogs.nytimes.com/2011/03/02/pressure-grows-for-answers-on-fracking/?partner=rss&emc=rss