We adjust to higher oil prices, like we live in a market economy or something!
Wednesday, September 17, 2008 at 2:45AM ARTICLE: "U.S. Retools Economy, Curbing Thirst for Oil," by Justin Lahart and Conor Dougherty, Wall Street Journal, 12 August 2008, p. A1.
Nice start:
The U.S. economy is starting to figure out how to curb its legendary appetite for energy.
Consumers are buying fewer sports-utility vehicles and more energy-saving washing machines. Some trucking companies have rejiggered their engines to max out at lower speeds. Gridlock is easing in California. Americans drove 966 million fewer miles in May than they did a year earlier, a 3.7% decline, according to the Transportation Department.
With shipping costs surging, companies are rethinking overseas production, slimming down packaging and retooling distribution networks.
Sounds like the frickin' End Times to me.
Reader Comments (2)
I was really inspired by the breathtaking presentation that you gave at the Command and General Staff College in AUG 08. I was so impressed by your thoughts and observations concerning globalization that I wrote an argumentative essay on the relevennce of your thoughts presented that day and the reading you conducted at the Naval War College in 2003, "The Pentagon's New Map." You have really opened my eyes too so much. I feel that you insights will assist greatly in the last 10 years of my military career.
In CGSC we are doing a case study on Caucasus Region, and also analyzing the significance of conflicts in the region. Will gas sky rocket if Russia get a foothold on Oil and Natural Gas coming out of the Caucasus Region (i.e. the Caspian Sea)?
Don't see price or supply danger on your scenario, just control issue on flow.
Naturally, Russia's act sets off all sorts of counterbalancing efforts by neighbors.
This game gets played on many levels ... by all sorts of far-sighted players ...