From its high of $147 a barrel last July, West Texas Intermediate Crude oil prices have crashed a cumulative 74%. That ranks as one of the worst absolute declines for any asset since the onset of deflation last July as investors dump most commodities, except gold, silver and several other soft commodities.

Crude oil is grabbing the headlines but it’s coal and uranium that together provide nearly half the world’s power.

With a great demand for a change in our energy consumption, the U.S. has been quick to follow in the footsteps of some of our international friends and adopt new and cutting edge fuels. Unfortunately, we may have adopted a project that was doomed to fail from the beginning.