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Congratulations Jerome!

I saw this from WSJ and came right to ET to clap (just joking):

Crude-oil prices surged more than $3 a barrel and appeared to touch $100 in New York Mercantile Exchange trading for the first time, driven by weakness in the dollar and concerns about tight supplies. A Nymex spokeswoman said one $100 floor trade was legitimate, though that has not yet been confirmed. Stocks, already lower, fell even more, with the Dow recently down about 200 points.

IMHO, the countdown diaries have made their statement. CO2 ppm levels may be appropriate for another type of countdown diary to doomsday or we could try something positive -- a goal to strive for (% of installed renewable capacity) but maybe the rate of change is not that fast there.

Staying with the oil theme, the $200 mark is probably appropriate although it will take some time to get there as increases in oil production (however temporary) and the economic slowdown will probably bring prices down in the next couple of years.

Orthodoxy is not a religion.

by BalkanIdentity (balkanid _ at _ google.com) on Wed Jan 2nd, 2008 at 01:23:52 PM EST

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