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Is $100 oil a big deal?

From The Economist, oil keeps getting more expensive—but not because it is running out. Oil is at $100 per barrel — get used to it, but is $100 oil a big deal? Why would it be so much worse than $99? An interview with David Sandalow, author of Freedom From Oil: How the Next President Can End the United States' Oil Addiction. The Ethanol Fallacy: America needs smart alternative to oil, but the just-passed energy bill puts too much emphasis on the wrong alternative. Behind the buzz over Brazil’s cane-based ethanol production lurk enduring social problems. From The New Atlantis, an essay on achieving energy victory. Researchers have found a way of using sunlight to recycle carbon dioxide and produce fuels like methanol or gasoline.