Jimmy Carter called the effort to reduce energy use the Moral Equivalent of War

Jimmy Carter's calling the effort to reduce energy use the "moral equivalent of war" seems particularly prophetic in today's world.

Watch President's Carter's address to the nation from the Oval Office and ask yourself if he was right about the dilemmas expensive energy would create for the world down the road.

Oil Supplies key to Future Oil Prices

The big question is not whether there will be demand destruction caused by oil prices. This is probably happening right now.

The big question is supply going to start dropping.

Matt Simmons is probably right when he says when Saudi Arabia peaks, the world has peaked and is going into decline. When decline comes, prices will have to rise.

$600 Oil Possible for Matt Simmons

Matt Simmons makes a lot of sense to me and I think he knows what he's talking about.

He is now talking about the possibility of $600 Oil.