Dubai is expected to run out of oil by 2010. Oil is already less than seven percent of gdp.
(Via Marginal Revolution)
In his mid-year speech, earlier today, Honda CEO Takeo Fukui indicated the successor to the erstwhile Acura/Honda NSX sports car is several years from launch:
‘We are now focused on the development of a new model to succeed the NSX for a new era. We would like to debut a new super sports car equipped with a V10 engine in three to four years. Please look forward to seeing the NSX successor.’
OK then. I think car manufacturers are officially crazy, out-of-touch with global needs, and dangerously irresponsible.
The other day I saw a Citroen 2CV driving in Santa Fe. It’s a lovely French car from the Sixties and maybe older. It had 27 horsepower! Not 150, and not 500. Do we really need several hundred horsepower in every car?