In this week's report: (click this link to access an online copy of the PDF)

Railroads & Peak Oil. (page 1 )

The shale gas question heats up? (page 1 )

Why wasn't this in the paper? (page 3 )

4-5 trillion barrels of oil, really? (page 3 )

Spain hit 45% of electric power from wind. (page 4 )

Ok, Warren Buffett bought a freight railroad. What about passenger rail?

James Kunstler has some thoughts on passenger rail that he wrote in a forward to a new book "Waiting on a Train: The Embattled Future of Passenger Rail Service" by James McCommons. "Rebuilding the nation's passenger railroad has got to be put at the top of our priority list. We had a system not so long ago that was the envy of the world; now we have service that the Bulgarians would be ashamed of."

Fans of James Kunstler will be happy to hear that his new book is almost out. It is a follow-on to "World Made by Hand". I will try to give it a review when I get a copy.

Mexico?

Bloomberg (Nov. 3^rd) – "Mexico's Congress on Nov. 1 passed a watered-down version of President Felipe Calderon's 2010 budget that Fox [former President Vicente Fox] says is not enough to reverse a "desperate" budget situation brought on by falling oil revenue, which funds 38 percent of spending." Mexico is in a very bad way caught between falling production and lower oil prices.

CNN Money on six electric car companies and their plans for success.

"Each of these carmakers is gearing up to be the next big thing in electric automobiles. Here is how they're charting success." They range from the $30,000 Wheego & Aptera to the $88,000 Fisker. How many will be standing in 3 or 4 years? My guess is not many. Scale will prove to be the issue for most.

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