T. Boone Pickens: “This is one emergency we can’t drill our way out of.” His new website. A longer explanation of his plan.
Via Ambrose Evans-Pritchard. International trade is slowing down as fuel prices raise shipping costs. More here on a general slowdown of transportation in the UK.
T. Boone Pickens: Peak Oil has been reached. Why am I not surprised that the implications of this are not being discussed on CNBC?