Even at $100 a barrel, oil is still cheaper than a Starbucks latte.


	Even at $100 a barrel, oil is still cheaper than a Starbucks latte.

rmowery

3-19-2008 1:29 AM

101 views

tags:

oil, dependence, alternative energy

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/729c7b68-5441-436f-9981-5a169bd43cb4/7F84B5FE-F6FA-4DBB-B1A8-BA936D61718D/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.newsweek.com/id/123482" href="http://www.newsweek.com/id/123482" style="font-size: 11px;">www.newsweek.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.newsweek.com/id/123482"><DIV class="channel">THE FUTURE OF ENERGY</DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.newsweek.com/id/123482"><H1>Why We Can’t Quit</H1></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.newsweek.com/id/123482"><P>Even at $100 a barrel, oil is still cheaper than a Starbucks latte.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.newsweek.com/id/123482"><P>At the age of 7, when most kids are climbing trees, John Hess was surveying foreign oilfields. The son of <A class="related" href="http://www.newsweek.com/related.aspx?subject=Leon+Hess">Leon Hess</A>, a forceful entrepreneur who built a small home-heating <A class="related" href="http://www.newsweek.com/related.aspx?subject=Business">business</A> in New Jersey into a global oil company, the younger Hess immersed himself in the oil world from an early age, studying Arabic and Farsi to better connect with Middle Eastern oil executives. Now the CEO of Hess Corp., he's become an advocate for energy conservation and investment in alternative fuels. NEWSWEEK'S <A class="related" href="http://www.newsweek.com/related.aspx?subject=Fareed+Zakaria">Fareed Zakaria</A> spoke to him about the new world of $100-a-barrel oil, and the likelihood of an energy crisis. Excerpts:</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/7F84B5FE-F6FA-4DBB-B1A8-BA936D61718D/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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