Sunday, February 13, 2011

The Era of Cheap Energy

Today at lunch the friend of a HS friend showed us some notes of Israeli currency. He called it "plastic money" and "Monopoly money" because the notes are made of plastic, not paper. (He showed us some older notes, which were made from paper, and we compared the texture of the two.) He told us that it was cheaper to make plastic money than paper money -- a good illustration of how cheap oil still is? For how much longer will this era last? $90/barrel isn't that bad, even if we think we are being bitten at the gas pump.

Fabius Maximus: Excessive optimism is our enemy, with Coal-to-liquids as a case study
The week of the game changer in oil, or was it? by Kurt Cobb (EB)

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