Those of you in denial are "like alchemists looking for a way to turn basic elements into gold"
Oil is only expensive by historical measure. In terms of alternatives and roll out costs oil is still very cheap.
Wonderfully put for those who find symmetry comforting -
"Oil Dec 31st 2007 touches US$100, Oil June 30th 2008 US$142 thus halfway to US$200 bbl in one year"
Why - (100 x 1.42) x 1.42 = just over 200
From a post on www.theoildrum.com
