Distillates

The evidence is mounting that the US might just encounter the first real crisis of the oil depletion age before the year is out. The crisis at first will be one of spiraling prices for diesel and heating oil that will cause considerable economic havoc, and then there may be actual shortages right here in the United States.

Supply side follies

Lower oil production, exploding production costs and capturing a shrinking fraction of oil profits has not prevented oil companies from enjoying record high profits. These profits are so large that they have masked the fact that US corporate profits are otherwise in the doldrums

To teens in the first decade of the 21st century

While hard work and discipline are essential to the successful life, true success is not in an award, or bank account balance. It’s in the number of real friends you have, and intangibles such as your ability to enjoy life in deep and profound ways, and to have stood for something far greater than your own comfort, convenience, and bank account.