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Yeah, just in time for the elections. Imagine that.
As I always look for some silver lining, I have to say that skyrocketing commodities and perhaps a fair measure of inflation may just keep up from starting yet another war.
It would not surprise me considereing the rapid rise in demand.
We should have invested in alternate far more heavily.
Demand isn't higher. Oil barges are struggling to unload. The cartels are slashing production thus creating an artificial demand. It's the cartels. And its been going on far too long. Also keep in mind BP wants their money back.
Demand isn't higher. Oil barges are struggling to unload. The cartels are slashing production thus creating an artificial demand. It's the cartels. And its been going on far too long. Also keep in mind BP wants their money back.
Global demand is expected to increase by 40% in 10 years because of China and India.
With the growth rate i many devloping countries and the increase demand for crude;i expect it to just keep goign higher when demand rsumes after the recession worldwide.Crude is getting hard and more expensive to develop besides the drilling nations want more for their resources.
I am cheering for $5 a gallon a gas because I want those who still believe that Obama and the Dems are on the side of the middle class to feel maximum pain at the pump.
China and India will demand a lot of oil, so the prices MUST go up.
Time to invest in public transportation BIG TIME. Well, the time was 20 years ago, but better late than never.
No. The price of oil went up in 2008 because the world economy is HOT. Now, we have a worldwide recession and price is moving back to 2008 pre-bubble level. This is an indication of inflation. All central banks in the world are printing, so regardless what oil is priced in, it will have to go up. It didn't get more expensive, it just our paper money buy a lot less.
If higher gas prices encourage people to buy cleaner and more fuel-efficient vehicles, then at least there's some good that can come of it.
I am surprised that did not happen when gas was around the $ 4.00 range a few years back.
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