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.
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.