The real price of oil.

Once again, the press is reporting an event in doleful tones as if it’s terrible news, but I’m jumping for joy. Exploration of oil has dropped significantly due to lower demand and the fact that the production costs don’t make sense with the current low sales price for oil. For people with the old mindset, that means we may have to pay more in the future for oil as demand goes back up and supplies are low, causing a serious escalation of price at the pump.

Fantastic!

If you look at it from the new mindset, this economic shift provides more incentive to develop alternative fuels because they will be able to compete on price. And the fact that consumption is down means that the emission of greenhouse gases is down as well!

What is the Chinese character for Hummer?

Well, the Chinese may be ascendant in the world, but they are not infallible. You probably heard that GM dumped their Hummer division on a Chinese company, which will continue to manufacture the tank-like vehicle in the US. Looks to me like at least some people in China are still enamored with the old US image of military domination.

Just another example of why it’s so important for us to present a new set of values for the world to emulate.