"There's an element of market failure here," Myners said. "Quite frankly, the clients of these investment banks probably are not challenging enough on the fees and the very large spreads that these investment banks are currently charging.

"I'm saying to companies: `For goodness sake, why are you paying these fees?'" he said. "I'm saying it to pension funds: `Why are you paying such large spreads?'"

You can say that again, and to mutual fund savers as well! I feel just as exasperated as he does. Why, why, why?

Peak oil is not an energy crisis. It is a liquid fuel crisis.