Over the long term, peak oil is real, although short term prices and supplies will fluctuate. If done correctly, the conversion from a petrolem-based economy to alternative energy and aggressive conservation will be one of the biggest economic OPPORTUNITIES this country has ever enjoyed.
In addition, I was very pleased to hear President Bush finally admitting that the U.S. needs to something about global warming. While rejecting the precise terms of the Kyoto Agreement, he did pledge that over the next decade, the U.S. will generate 18% less CO2 per unit of economic productivity. We BFers, of course, know what we can do in the transportation sector; now we just have to give the President some lessons in bike safety.
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"Far and away the best prize that life offers is the chance to work hard at work worth doing." --Theodore Roosevelt
Capo: 1959 Modell Campagnolo, S/N 40324; 1960 Sieger (2), S/N 42624, 42597
Carlton: 1962 Franco Suisse, S/N K7911
Peugeot: 1970 UO-8, S/N 0010468
Bianchi: 1982 Campione d'Italia, S/N 1.M9914
Schwinn: 1988 Project KOM-10, S/N F804069