I sure hope he is wrong

Congratulations to James Governor and Tom Raftery on Greenmonk. I look forward to technology products and applications of technology they catalog - to showcase on my innovation New Florence blog.

But I am agitated by his suggestion that oil will be $ 200 a barrel by year end. Our economy is in deep trouble with prices today. We can barely absorb a $ 30 increase in 60 days. Can you imagine another $ 70?

My day job is to help clients beat down unreasonable technology pricing. I am besides myself that this administration has done little to help manage the oil price increase --  through our strategic reserve, through managing the dollar and commodity market speculation, through our "friends" in the Middle East. We have been rudderless. If there had been a terrorist incident we would have been all over it. And even that would not have caused a $ 30 increase so fast.

I am all for innovation. But there is enough incentive even at $ 100 a barrel. And at $ 200 - may be in 7-10 years. At $ 200 by end of year the economy will not sustain much. Not even innovation..