>>>>Newt's latest dispatch is from Norway where he compares their success and the US's failure at management of the "everywhere vs. nowhere" trap regarding oil and gas exploration.
>>>>
>>>>http://www.humanevents.com/article.php?id=26931
>>>
>>>Very interesting article. I learned several new things about both Norway and the US.
>>>
>>>Even if Norway is a big oil producer the gas price is over $10/gal. Norway is using a lot of the oil profit on energy research and also a lot of the money is put into a "savings account" for when the oil is gone.
>>
>>Now that is a great strategy: sell the oil now, stash the money away or invest it to generate a small profit and buy back later less than half the amount you originally sold.
>
>The strategy is to save money so that we have enough money to pay our pensions in the future.

With the way oil prices are going I don't think the baby boomers can empty the oil money savings account :)