And great potential economic news for Kookifornia, no less - from the New York Times:
"Comprising two-thirds of the United States’s total estimated shale oil reserves and covering 1,750 square miles from Southern to Central California, the Monterey Shale could turn California into the nation’s top oil-producing state and yield the kind of riches that far smaller shale oil deposits have showered on North Dakota and Texas. As the oil industry’s technological advances succeed in unlocking oil from increasingly difficult locations, there is heady talk that California could be in store for a new oil boom."
Hmmm. Abundant natural energy with negligible environmental impact, economic growth, private-sector job-and-wealth creation, more tax revenue, prosperity that can help lift up California’s poorer populace without government intervention? Get your frack on. The envirokook industry must be steaming.
And other positive news from Reuters:
Recent moves by Japan’s two largest automakers suggest that the electric car, after more than 100 years of development and several brief revivals, still is not ready for prime time – and may never be. “Because of its shortcomings — driving range, cost and recharging time — the electric vehicle is not a viable replacement for most conventional cars,” said an automaker spokesman. The public’s lack of appetite for battery-powered cars persuaded the Obama administration last week to back away from its ridiculous goal to put 1 million electric cars on U.S. roads by 2015.