Buffalo Skyline from BCT 800x135

Thursday May 22, 2008 at 13:46

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The New York Times has a number of interesting pieces on the price of gas. To quote the times, an “Oracle” at Goldman Sachs predicts oil will reach $150 to $200 over the next 6 to 24 months. Ford is cutting production. Coal production is increasing. Oh, and Krugman is calling for the end of the American Dream, or of Suburbia at least. I would imagine the newspapers looked similar during the oil embargo, but I’m hopeful that this time the price pressure from oil will lead to more meaningful long term changes.

The New York Times has a number of interesting pieces on the price of gas. To quote the times, an “Oracle” at Goldman Sachs predicts oil will reach $150 to $200 over the next 6 to 24 months. Ford is cutting production. Coal production is increasing. Oh, and Krugman is calling for the end of the American Dream, or of Suburbia at least.

I would imagine the newspapers looked similar during the oil embargo, but I’m hopeful that this time the price pressure from oil will lead to more meaningful long term changes.