Another sign of our growing globality . . .

Western oil companies have taught the rest of the world the valuable lessons of hanging on to their own oil.

So, now, instead of sitting around pouting about what to do with their outrageous profits, why not chart new territory (and continue to be a world leader) and invest in developing outrageously efficient and inexpensive solar panels to cover the roofs of the world? Or an electric-car highway system?

It's too bad their inability to think outside the box is exactly what's going to continue to keep America treading oil while the rest of the world catches up and then surpasses her. We are not all Michael Phelps, I guess.

http://www.nytimes.com/2008/08/19/business/19oil.html?_r=1&th&emc=th&oref=slogin

PS Interesting to note that one of the top ten holders of petroleum reserves is Iran.