If you know what the acronym VMT stands for, then this story probably won't come as much of a surprise. VMT stands for vehicle-miles traveled, and Americans drove their VMT numbers way, way down last year. VMT is just one way to measure demand for oil, and the decrease in VMT plus the rise of fuel-efficient vehicles - and fuel-free electric cars - means that the oil industry is gearing up for something new: the end of the oil slurping era. You don't need to take my word for it, the industry-frie
Speaking of politicians, I think Talkingpointsmemo has an attitude worth remembering whenever President Bush talks about the changes that America needs to go through in order to curb our addiction to oil. While he’s willing to say we have an addiction to oil, he sure isn’t willing to take any action curb his addiction to rhetoric about tax cuts. Bush’s statement that “We need to get off oil. The best way is to do that through technology,” is wrong. The best way woul
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