| More news out of MSU-Billings, this time from a talk given by professor Brian Gurney about what will "jump start" our investment into alternative energies.
Crude oil reaching $100 a barrel.
Which means tough times for a lot of people. Why we should sit on our *sses and wait for $100-barrel oil prices to do anything serious about these problems is beyond me, but apparently that's the way we run. (Coincidentally, the Good Guv today outlined some proposals to save energy in the state. Doesn't go far enough, IMHO. You be the judge.)
But here's the quote from the report I wanted to cull:
With some people taking side bets on when crude will top $100 per barrel, Venezuelan President Hugo Chavez has predicted crude could hit $200 per barrel if the U.S. attacks Iran.
If that happens, a depression could hit the U.S. that would make the 1920s look tame, Gurney said, but eventually there would be some kind of economic alternative.
"At $200 a barrel, we're going to be the most entrepreneurial people on earth," he said.
What was that what Senator Tester said? He'd be more surprised if Bush didn't attack Iran before he left office?
Buckle up, kids, we might be in for a couple of lean years. |
