The last 50 years of humanity’s mindless consumption of fossil fuels has helped accelerate global warming. The total lack of a cohesive energy policy and program in America has given us $4 a gallon gasoline with $5 and $6 a gallon a practical certainty. There are millions of new riders on our mass transit systems at a time when many of these systems are in crumbling decline due to decades of neglect and total lack of strategic initiatives. Solar and wind power are extremely exciting and coming on line quickly. Globally, and nationally we have backed ourselves into an energy …

Two years ago in this blog, I wrote a futuristic column from April 20, 2009. The title of the column was “Remember When Gas Was Cheap?” At that time I predicted that the price of oil in early 2008 would reach $125 and that in April 2009 it would be $137.
In January of 2007 I was invited on the “First Business” syndicated business program to discuss the price of oil for the remainder of the year. At the time the price was $53 a barrel. I basically told the flabbergasted reporter that I thought the price of oil …

The magnitude of the energy crisis we now face in the U.S. cannot be overstated. It is not just about cutting the emission of greenhouse gases, the increasing price of petroleum or the fact that we are dependent for oil on countries that only hold us in high regard as customers. It is about the fact that our entire physical landscape and a large part of our social and economic interactions are predicated on the assumption of cheap petroleum, an assumption that is no longer valid.

Petroleum will continue to rise in price as I have consistently predicted in this column. …

Regular readers of this column know that I have long predicted that oil would reach and then exceed the $100 price barrier. In fact, when this barrier was first breached the first few days of January, readers congratulated me on the veracity of my prediction. Yesterday was the first time that a barrel of oil actually closed over $100. This drove the stock market down, made economic prognosticators nervous and created headlines across the country.

Six months ago I predicted that the trading range for a barrel of oil will be $80 — 125 for the foreseeable …