Raise the Hammer
By: Ryan McGreal
Published: 2008/05/09 (Category: Energy)
Summer driving season hasn't started yet, but oil prices have already passed another milestone. Reuters reports that oil has gained 11 percent since the start of the month, passing $126 per barrel, citing "fuel supply concernss and a rush of speculator buying."
It's getting to the point that auto industry observers are warning truck owners to hurry up and trade in their gas guzzlers before the trade-in value plummets.
Interestingly, a survey of oil industry executives finds that a slight majority - around 55 percent - believe oil prices will fall below $100 per barrel by the end of the year.
It's hard to say whether this is just wishful thinking, Upton Sinclair style, or a sound analysis; but it's pretty amazing to consider that oil prices dropping below $100 a barrel would now be considered price relief.
The stars and the moon and the earth and the sun are aligning here." -- Mayor Fred Eisenberger on Light Rail in Hamilton
NewsfeedsISSN: 1715-1554
Letter to Council: City Hall Deserves Better (Oct. 6, 2008) - Dear Mayor and Members of Council,
I've been following the ongoing discussions regarding the renovations of Hamilton City Hall.
As a resident and taxpayer in Hamilton, I certainly apprec
Authoritarianism Meets Stylishness (Oct. 6, 2008) - A couple of interesting articles in this weekend's Toronto Star. First off there's Thomas Walkhom's analysis of free market economics versus 'authoritarian capitalism'. Citing
Mayor: 'Stars Aligning' for Light Rail, Gore Plaza Moving Forward (Oct. 3, 2008) - I spoke this morning with Mayor Fred Eisenberger about light rail, economic development and the Gore Master Plan Study. He was understandably excited about the gathering momentum on light rail in
Sooner or Loiter (Oct. 3, 2008) -
An article in today's Spectator about the city's plan to revitalize Gore Park confused me:
Vendors. Entertainment. A peace memorial. Less loitering. A friendlier climate.
V
Breaking: City Publishes Rapid Transit Feasibility Study Phase 2 (Oct. 2, 2008) - The City's Public Works Department has just published its report Rapid Transit Feasibility Study - Phase 2 (PDF link) in anticipation of the Public Works Committee meeting on October 6, 2008 (
VP Debate: There for the Crash (Sep. 30, 2008) -
Tim Harper's article in the Star made me chuckle over my cornflakes this morning. Looking ahead to Thursday's U.S. Vice Presidential debate, Harper noted:
If Thursday's debate i