…the US needn’t be too complacent either. The shale boom has been partly stoked by the same forces, which are now potentially waning. Oil prices have gone from $20-28 per barrel at the start of the decade to a sustained $100-$105 today. Right now, these prices are being held up by chaos in Middle East and Libya. If circumstances change, price shifts could give US drillers major headaches.
Oil over a hundred a barrel has always been unsustainable over the long haul.
Apple has patented a piece of technology which would allow government and police to block transmission of information, including video and photographs, whenever they like.
All the coppers have to do is decide that a public gathering or venue is deemed “sensitive”, and needs to be “protected from externalities” and Apple will switch off all its gear.
Egyptians are enraged by it. They should be. I am, too.
And someone needs to primary McCain:
McCain’s remarks and actions in Egypt have further confirmed the popular narrative — as memorably displayed by countless anti-Brotherhood and anti-Obama placards raised during the June 30 Revolution — that U.S. leadership is aligned with the Brotherhood, and thus ultimately a supporter of terrorism.