Oil to $150 By August: Timothy Siegel in Forbes

Link here.

If we don’t hit $150 a barrel by August, I will be a little surprised. Of course, one way the US Congress could stop this is by forcing a default on the US debt. This would have a whole string of disastrous consequences, and with the economy back in the ditch, there could be quite a severe curtailment in demand.

So, we will see.

Bank of America/Merrill Lynch has said almost the same thing: $140.

Competition for Coal-Powered Cars

I did not invent the term "coal-powered cars" but I have used it consistently. It appears others, like Forbes.com are coming on board.

Honda’s natural gas powered Civic GX is currently only available in California and three other states.

The decision to expand marketing efforts nationwide reflects the growing demand for environmentally-friendly cars in mainstream U.S. markets.

Natural-gas-powered vehicles are expected to compete with electric vehicles, especially to the extent the latter rely on electricity produced by coal-burning power plants.

Yup: coal-powered cars.