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Back in the 70's OPEC caused the shortage by withholding production, this time the biggest producer in the world Saudi Arabia is pumping it out as fast as they can and planning on increasing more production. Yet the price of Crude continues to rise. Why is this?? The Shale oil argument has...

Wow there's some big falls in sales in the US motor industry, looks like they are finally getting the msg that you can't keep driving around in those huge big suv's and expect to pay a pittance for the privilege...

I have been expecting this for some time now: http://www.smh.com.au/news/travel/stand-by-for-more-cuts-says-qantas/2008/07/01/1214678038242.html Standby for more cuts, says Qantas QANTAS has raised the prospect of further route cuts, even higher fares and the grounding of more aircraft...

Most of my flying is international with Emirates, who I find are very good. Much better than Qantas. The frequent flyers with Emirates is fairly good. They also have a good lounge in Dubai that you can use once you are a Silver tier member. Emirates Airlines are currently making a lot of...

Yeh OPEC is very much aware that if the price continues to go too high than the alternatives will become much more viable. Thats why we are now seeing the Saudies saying they will pump more crude (will be interesting to see if they can actually achieve this). Even the Americans that I come...

This was expected with the high price of oil. http://business.smh.com.au/airline-catastrophe-looms-under-record-oil-prices-20080614-2qfl.html The US airline industry is heading for a crash as record oil prices threaten to push several carriers into bankruptcy, threatening ``our American...

Yep thats right. We have plenty of coal and I can't see us making the switch to something else until it becomes economically viable do so. Maybe Geothermal has a lot of potential. Maybe they will crack nuclear fusion or some other alternative. I'm sure there are plenty of smart people...

I think we would be wasting our time going down the CNG path. Why switch from one finite resource to another one. I think we would be better off making the switch to a totally electric car. With improvement in battery technology occurring the electric car is becoming a lot more viable...

I think we are going to see alot more of these hitting the streets with the price of oil heading skyward. http://www.youtube.com/watch?v=kRd7ER7u-KU