Windmills, solar panels, bicycles and nuclear submarines are looking like energy must-haves as crude oil prices keep shooting over the top. Today the market for the crude crud topped $133 per barrel.
Such record prices reinforce the arguments from oilmen who are now building wind farms. Or VCs who predict biofuels will be cheaper than fossil fuels within the next few years. Not only predict such a change in fortunes, but bet small fortunes that start-up biofuel companies will become big winners. Wouldn't you like to own a piece of the Google of wood chips?
IS THE CRUDE OIL PRICE JUST ANOTHER BUBBLE WAITING TO BURST?
Several price records ago I wrote a bit on peak oil and the current price run up. Even more pertinent issue as we close in on $140 per barrel, or more.