Ah.. just want to share a quote from "People vs Dinosaurs" the latest op-ed of Thomas Friedman, my favorite journalist. As usual, he is just so sharp and penetrating in his analysis or resistance of the oil economy. Go to the NYTimes website and check it out.
"Iran’s economic and military clout today is largely dependent on extracting oil from the ground. Israel’s economic and military power today is entirely dependent on extracting intelligence from its people. Israel’s economic power is endlessly renewable. Iran’s is a dwindling resource based on fossil fuels made from dead dinosaurs.
So who will be here in 20 years? I’m with Buffett: I’ll bet on the people who bet on their people — not the people who bet on dead dinosaurs."