There is news out today, not in the mainstream media mind you, that claims peak oil will officially arrive this Thursday. Not that you should panic or anything. The way this will play out will take years. It will be a slow escalation of prices, but make no mistake, it will happen.
Matt Simmons, an investment banker that specializes in the energy markets, predicts that by 2010, oil will sell for $200 per barrel in 2005 dollars. Let's see, $60 dollar oil equals $2.35 per gallon or so, then $200 oil equals something like $11.00 per gallon gas. Whew! That's a little rich for my blood. Sure makes investing in a hybrid vehicle of some type look like a good idea.
And lest we forget just how dependent we are on fossil fuels, stop and think about how many trucks roll down the highway every day of the year delivering food, clothing, medicines, and other necessities to your fair community.
If you think that GM is in trouble now, imagine what it will be like when no one can afford to drive cars and SUVs because of super high fuel prices. My prediction is that GM won't make it to 2010 in it's current form. The financial cards are stacked too high against it's survival.
By hey, it's the holidays, and we have a big juicy turkey in the oven. Let's eat, drink, an be merry, and not worry about tomorrow.
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