Thursday, October 16, 2008


Oil is now at $70 a barrel and our good friends in OPEC are alarmed. Awww, poor OPEC! I'm sure there's nary a dry eye in the house.

But seriously, this makes me glad that the tax credits for wind and solar energy were passed as part of the bailout-palooza last week, because interest in alternative energy sources tends to dissipate whenever traditional energy sources get cheaper. You know, like happened during the last big recession of 1981-1983.

This time, let's hope we've learned our lesson and don't throw away the solar, wind and nuclear baby just because the oily bathwater is temporarily cheaper. Wow, is that a deranged metaphor or is it just me?

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