Pelikan

Action that President Barack Obama will take Monday to allow California and other states to require stricter tailpipe emissions and automobile fuel efficiency standards shouldn’t just please environmentalists. If you’re concerned about Peak Oil and the United States’ dependence on foreign oil, this is also a win for energy conservation.

Wednesday, Pemex is expected to release historic reduced output numbers. With everything going wrong with Mexico internally, what can the government do about losing revenue from its largest cash cow? Will Mexico continue to be a steady U.S. supplier? By the time it’s all over U.S. troops may be securing what’s left of Mexico’s oil fields.