Wednesday, June 27, 2012

Shoes Revisited


From the Castro. I was enamored with this display.

Interesting story of the day - this is behind the paywall at the WSJ, but look for it to pop elsewhere eventually:

"America will halve its reliance on Middle East oil by the end of this decade and could end it completely by 2035 due to declining demand and the rapid growth of new petroleum sources in the Western Hemisphere, energy analysts now anticipate."

Bad news - fracking and dirty tar sands oil. Good news - efficient cars and renewable energy. Best news - getting the hell away from OPEC.

"By 2020, nearly half of the crude oil America consumes will be produced at home, while 82% will come from this side of the Atlantic, according to the U.S. Energy Information Administration. By 2035, oil shipments from the Middle East to North America ‘could almost be nonexistent,’ the Organization of Petroleum Exporting Countries recently predicted, partly because more efficient car engines and a growing supply of renewable fuel will help curb demand."

Prediction: Renewables, especially solar, will advance in technology and cost parity, and eventually will become cheaper and more efficient than drilling. Wait and see.

Have a great day.