and, i just checked the exchange rate. yikes.
if it wasn't clear 20 years ago, it should be now: there should be a concerted effort by the feds to diversify revenues.
we could end up with a credit rating hit, which is what actually matters on the issue of deficits. the instinct will no doubt be to scale back on transition funding. but, dammit, look at the data...
if we had transitioned 20 years ago, right?
right?
alas...
we might have to take the credit rating hit. if the saudis keep producing at these rates, the oil sands aren't going to get us anywhere any time soon.