I love EEUU. Bush’s policy on energy is this:

1. Build more refineries in old army bases.
2. Drill Anwar.
3. Ask the Saudis pretty please (even though oil
   prices are controlled on the trading floor).

Why do people love this guy again?

Aside from that, here’s what I think will happen in
the next 5 years:

1. Toyota and Honda will continue to be at the
   forefront of hybrid-izing their current fleet of
   vehicles and capture the lion’s share of this new
   market (again).
2. The big three US makers will continue to falter as
   they pray to the SUV rosary. I’m happy to report,
   billions in losses from unsold trash tanks already.
   Ford’s last financial statement was God awful.
3. British Petroleum will become the first major
   distributor to begin retrofitting stations with fuel
   cell refueling pumps (Shell already started this with
   a prototype in Iceland, but BP will overtake them).
   Will start in LA, and New York and spread inward (long
   after, of course, the EU already has hundreds of such
   stations in place).
4. Hugo Chavez will stop selling to the US entirely in
   favor of an exclusive deal with China.
5. Venezuela is invaded by a new paramilitary group
   based in the Colombian highlands. The group is
   remarkably well trained and armed.
6. Dozens attend the inauguration of Venezuela’s new
   president, Generalisimo Pancho Lameculo
7. Lula keeps his mouth shut.
8. Airbus announces breakthrough development in new
   aircraft engine that combines gasoline with hydrogen
   power.
9. Boeing sues Airbus for [insert something here
   having to do with France]
10. Something to do with Fiat something.

I leave for the EU in three weeks. Kids, stay tuned
for field reports.

Much Love,
me