Wowie! Maui Gas Hits $4

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• Oil Tycoon Kicks Off Energy Campaign

  Jul 8, 08 3:51 PM CDT
  Billionaire oilman T. Boone Pickens is fed up with America’s dependence on oil and today launched a huge ad campaign to persuade the nation to kick its crude addiction, the Dallas Morning News reports. His "Pickens Plan" proposes that Americans swap gasoline for natural gas, then replace natural gas power plants with wind, solar, and nuclear facilities. More »

• The Good in $4 Gas

  Jul 2, 08 12:03 PM CDT
  The rest of the world may have thought it would never happen, but energy prices are beginning to change Americans' behavior. Time notes some positive aspects:
  

  1. Jobs lost to globalization return, because energy costs make international shipping unattractive.
  2. Suburban sprawl is slowing as people choose to live closer to cities.
  3. Many firms are switching to four-day workweeks—the practice saved Florida's Brevard College $268,000 over a summer session.
  4. Less pollution as motorists drive less …
  5. …and more frugally, both in how they drive and what they drive.
  More »

• Oil-Addicted Bush Must Kick the Habit

  Jun 22, 08 6:32 AM CDT
  The American thirst for oil is like a drug addiction, and George Bush wants another hit, writes Thomas Friedman in the New York Times. Bush’s irresponsible energy plan involves getting a little more oil from Saudi Arabia to keep prices low, and then drilling in Alaska—simply prolonging our addiction instead of allowing high fuel prices to push us toward better sources of energy, adds Friedman. More »

• At Last, US Gas Consumption Starts to Fall

  Jun 19, 08 8:07 AM CDT
  The price of gasoline quadrupled over the last decade, but Americans responded by driving more and more in ever-larger gas guzzlers as if nothing had changed. But $4 gas combined with an economic black hole may have finally gotten the message across, reports the New York Times, as American gasoline consumption is set for its first annual decline in 17 years. More »

• Let's Not Kid Ourselves: Oil's Going Higher

  Jun 18, 08 12:09 PM CDT
  Yes, $4 a gallon seems steep, but the worst is surely yet to come, Robert J. Samuelson writes in the Washington Post. Gas is on pace to rise to $7 a gallon by 2012, with oil rising to $225 a barrel, according to one economist. Oil-rich nations are acting as though we’ve already hit “peak oil,” and fast-growing nations in Asia and elsewhere are keeping demand steady. More »