The Economist magazine's cover, which hits the streets officially tomorrow, is on oil... and it gets it right. "The oiloholics"
And how tasty is this.
America and China, in their different ways, are drunk on oil consumption. The longer they put off taking the steps needed to curb their habit, the worse the headache will be. George Bush once learned that lesson about alcohol. It is time for him to wean America off oiloholism too.
The NYT today also had an interesting item about the Bush administration's new mileage regulations.
Market Place: Fuel Economy Plan Bypasses California to Help Out Detroit [NYT, 8.25.2005]
Most of the media is going on about gas prices, but it seems to me that the real story is about consumption.
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