Ed Wallace

August 22, 2014 9:43 AM

The 1990s vs. Now

Nine years ago I was having a problem with the constant reporting that the world had hit Peak Oil, or was on the verge of it. Reporters were blaming many factors for oil’s soaring price; the large oil reserve discoveries were ending, and third-world countries’ new demand was growing for the quickly shrinking production of crude. Then too, there was the 500-pound gorilla that had entered the room, China. Oil that had gone begging for buyers just six years earlier at $10 a barrel was now selling for nearly five times that amount.

Related content

Comments

Videos

More Videos

Cheyenne Knight, amateur from Aledo, pleased with LPGA debut 00:41

Cheyenne Knight, amateur from Aledo, pleased with LPGA debut

Jerry Jones said the Cowboys draft was about future cornerstones in Elliott and Smith 01:20

Jerry Jones said the Cowboys draft was about future cornerstones in Elliott and Smith

Mitch Moreland talks offensive outbursts 00:29

Mitch Moreland talks offensive outbursts

Jeff Banister credited the defense for April success 01:02

Jeff Banister credited the defense for April success

Derek Holland says 2016 and 2015 starts are "night and day" 00:19

Derek Holland says 2016 and 2015 starts are "night and day"

Rivalry Between Trinity And L.D.Bell Played Out With 3-D Chess 00:57

Rivalry Between Trinity And L.D.Bell Played Out With 3-D Chess

TCU hitters 'get stuff rolling' after short slump 00:34

TCU hitters 'get stuff rolling' after short slump

Rangers Jeff Banister on what has made April successful 01:16

Rangers Jeff Banister on what has made April successful

Is Jerry Jones worried about new QB Dak Prescott's DUI? 01:05

Is Jerry Jones worried about new QB Dak Prescott's DUI?

Jerry Jones and Jason Garrett on drafting QB Dak Prescott 03:38

Jerry Jones and Jason Garrett on drafting QB Dak Prescott

Jason Garrett on Rico Gathers 00:46

Jason Garrett on Rico Gathers

Elvis Andrus discusses the Rangers offense 01:03

Elvis Andrus discusses the Rangers offense

Share Video

Editor's Choice Videos