Month July 2008

WSJ: Ok, peak oil is real after all

What’s up with oil prices? Well, it’s not speculators, and there’s no relief in sight, meaning at least five more years of high prices with no easy fixes. The ugly truth? Peak oil isn’t fringe anymore—it’s going mainstream. The dozens…

US share of foreign tourism drops

Why? Because plane flights elsewhere are cheaper but mostly because foreign tourists increasingly believe, with obvious good reason, that customs and security procedures are onerous and extremely unfriendly. So they are traveling elsewhere, this even when the dollar is low…