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Thursday, March 19, 2009

Dump the pump

This year and next year you will see the price of oil go up. I mean we hit peak oil in 2005 so this should be plain as day. The question is how long until you dump the pump. There are many methods of transportation like taking the bus, walking or using a bicycle that will liberate you from the soon to be high prices of fuel.

Future price of oil will be much higher than now. This temporary drop is based on a drop in demand cause by our economic crisis. However, we will soon see the ever upward movement in price. Production of petroleum is expensive and there is little incentive to find more with all the current regulations. This will cause more people to dump the pump and find new ways to move.