Fossil fuels still the best

It would be more amusing had I not been personally involved. Three years ago I was a lone voice outrageously predicting $100 oil, debated on many occasions on national and international TV by those predicting $50 or even less. The tapes are still available.

Now, $100 seems conservative, others have jumped on that number by the carload and the OPEC president said recently that oil may climb to $200. This, by the way, is the same organization that four years ago was insisting that the "official" price was between $24 and $28, while we were paying $50.

Oil is at $125 with no end in sight because of two simple but unsavory facts: We in the developed world have earned the right and the luxury to be ridiculous, and oil producing countries, knowing this, have become "militants".