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This might be a good time to think about reducing your dependence on oil, if you haven't already. <BR>
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<A href="http://www.treehugger.com/files/2011/02/peak-oil-2012-saudi-arabia-oil-overestimated-40-percent-wikileaks.php?campaign=top_news">http://www.treehugger.com/files/2011/02/peak-oil-2012-saudi-arabia-oil-overestimated-40-percent-wikileaks.php?campaign=top_news</A><BR>
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Reason #1: Climate Change<BR>
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Reason #2: Peak Oil<BR>
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We might be sitting on top of a lot of oil in Canada but it'll be floated at world prices which are bound to get higher and more volatile as: a.) supply struggles to keep up with demand; b.) production costs keep rising due to more expensive oil reserves (tar sands, shale oil, deep sea oil, Arctic oil) being exploited and c.) investors continue to speculate on oil as a commodity, driving up not only oil prices but anything associated with oil (food, shelter, clothing, plastics, electronics, general living costs). <BR>
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You'd think the conversion off oil (given the imminent reality of peak oil) should be treated as a global emergency (the project is estimated to take +20 years given a WWII-style global mobilization, much longer if done incrementally, ref. Richard Heinberg: <EM>The Oil Depletion Protocol</EM>) but don't count on it from our resource and consumption wealth-addicted governments, particularly the feds.<BR>
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And don't count on the "free unfettered market" solving this one on its own - not while it's engaged in practices like "shorting" (ref. muni bonds), commodities speculation, etc. <BR>
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Isn't "wealth creation" great!?<BR> </body>
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