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October 31, 2008

Remember Peak Oil?
Just a brief post as I'm about to go out canvassing for That One. And so should you.

Anyway, it's easy to forget about Peak Oil (the point at which worldwide oil production begins to drop regardless of how much drilling we do) with gas prices around $2.60 a gallon - in Philly at least - and falling.

But the Peak Oil folks really want to remind you. According to a new UK study, it could be less than five years away. Which is why now would be a good time to implement cap-and-trade. For all the green hand-wringing about the drop in gas prices putting people back in their cars and forgetting about alternative energy, I look at low gas prices as an opportunity more than anything else. I guarantee it will be easier to muscle cap-and-trade through at $2 a gallon than $4. It's a tax after all.

Anyway, just a thought.

[Updated 4:30pm] Although perhaps the current slide is just part of the biannual Big Oil pre-election price drop strategery.


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