If you listen to “Wheels with Ed Wallace” as much as Glenn Hunter and I do, you probably don’t have a life. Regardless, when I watched last night’s episode of 60 Minutes, I felt sort of good for Ed, who is featured in D CEO’s January issue. The story pretty much confirmed everything that he’s been ranting about, regarding how the price of oil has been driven by speculation, as opposed to Chinese taxi cab drivers and peak oil. The 60 Minutes piece also makes me wonder if billionaire T. Boone Pickens has wandered too far off the Reality Reservation with his belief that the high price of oil supports his theory that demand for oil has exceeded its supply.
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