I'm thinking about $70/barrel by end of 2005 and $75-80 before the beginning of next summer.Although he is philosophically opposed to government intervention in business, as a practical matter he said higher taxes on gasoline, and incentives for fuel-efficient cars and wind power may be necessary to smooth out the transition to the post-petroleum era.
Unc said:wtf does the price point have to hit for the Texas oilfields to get it into gear once again?