We ain't seen nothing yet.

Urban planner and Houston City Council member Peter Brown writes in today’s Outlook about “planning for sustainable growth, multimodal transportation choices, more compact development and energy conservation, on the assumption that gasoline prices will continue to double every four to five years.”

Remember that February 28th press conference on energy when President Deer-In-The-Headlights was startled when a reporter asked him about the prospect of $4 a gallon gasoline? Now the Repubs are blaming Congress for high prices and suggesting that we can drill our way out of this trouble.

Don’t believe it.

Yes we have more oil underground. Problem is that a lot of it costs over $100 a barrel to pump it out of there.

I hear the trade-in value on a Humvee is about $10,000 these days, or approximately $2.00 per pound. The price of scrap metal is about 20 cents a pound. Look for these prices to come more into line in the future.