This has nothing to with energy but I was amazed to read a recent WSJ report stating that “Executives and other highly compensated employees now [2007] receive more than one-third of all pay in the U.S.”  And that doesn’t even include equity-based compensation like stock options which is often a huge percentage of total executive compensation!   The complete WSJ piece is reproduced below.  It seems to me that American society is being increasingly polarized both politically and financially, and that the two are related.  Not that the rich are …

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I can’t think or write about oil or stocks any more.  Oil and stocks are simply taking a vacation.  They are gone for a while.  Some day they will come back.   In the meantime, no lower price for stocks or oil is out of the question. This market is out to decimate as many people as it can.   That means providing short periods of encouragement followed by longer periods of breath-taking decline.   Panic happens to be the theme of the day for now as everyone contemplates a possible global …

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A remarkable poll shows that citizens are way ahead of politicians in understanding peak oil.  A huge majority in the U.S. and everywhere else (except Nigeria) say government action is needed to guide us toward a different source of energy because we are running short of oil.  If the U.S. presidential campaigns’ own polls find the same results, it may give the candidates courage to actually discuss energy policy realisticly.  It is clear that the public debate must become honest and realistic before there can be any likelihood of Congress …

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