State of Hopelessness

An impoverished American middle class will no longer be able to afford theme park vacations and the airlines that used to shuttle them down to Florida will be out-of-business. The new theme in 21st century America will be staying where you are

Deffeyes on Current Events

My interpretation is that the uptick [in world oil production] is part of the normal up-and-down jitter in the production curve. Worldwide, there have not been major discoveries or innovations that would put a permanent dogleg in the long-term trend.

Bolivian fuel protests escalate

Tens of thousands of Bolivians have rallied in Santa Cruz – the country’s economic capital – to protest against cuts in fuel subsidies. Organisers pledged that the protests, the culmination of days of unrest over fuel prices, would remain peaceful.