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Showing posts with label oil. Show all posts
Showing posts with label oil. Show all posts

Sunday, December 05, 2010

oil near 25 month high


Oil is near a 25 month high now. This should not come as a max major surprise anyone. I mean we are seeing the dollar drop and gold go up. Frankly, my question is how much more. Well, get ready for more pump pain. Things are looking rather grim now. Future price of oil is up.

Monday, November 01, 2010

Oil hit six month high

Folks, oil hit a six month high again. Yeah, it is peak oil, but we knew that was coming. Fact is, I predict that oil will continue to rise. People, need to prepare. Here is what we are seeing. There are going to be more rising prices. Things look bad for oil now. Expect shortages of many sources of energy.

Thursday, October 14, 2010

Oil prices jump

Oil prices climb as dollar drops in our economic crisis. Most of us could see an oil rise coming. People, we hit peak oil in 2005 and it is down hill from here until we hit rock bottom which is soon. There is no way out for us. US has a lot of coal, but we are afraid to burn it due to the threat of global warming.

Friday, April 16, 2010

oil falls on economy worries


Sadly, poor economic performance is affecting crude oil prices. This should not come as a surprise. People are cutting back on petroleum products, like consuming less gas. For far too long we have heard the siren song. Namely, about a coming economic recovery. Well, there is this recovery? What I see ahead is more woe.

Saturday, February 20, 2010

Oil prices


Today oil shot over $80 per barrel and is rising. The future price of oil is up. Please enjoy that cheap gas now. In the future it will become very expensive. Less carbon dioxide is the good news. However, as gas prices rise, people have less money. That mean sales go down at stores and they have to lay off more persons. These people not rely on meager unemployment pay. Often they will lose their home because they have no money. It is also bad for our economy.

Friday, December 04, 2009

cheap oil gone

Illustration of three oil wells in the desert at dusk photo

OK some economy experts say cheap oil is here to stay and high prices go away. However, I say that even if US consumes gas less and burns oil less, China is growing. It's huge population wants to have cars. Expect oil to go up. The future price of oil is going up.

Sunday, May 17, 2009

gas price jumps

Hey, two weeks ago gasoline was $1.88/gallon, but the day before yesterday I paid $2.46/gallon. Folks, we could soon see gas over $3/gal, I mean last year it was over four. Petroleum price are increasing. The cost of oil went over $60 for the first time in many weeks and seventy is not far behind.

Hey, gas prices jump in the last three weeks. This is not an indicator of an economic recovery, but rather of inflation. Food and fuel are going up.

The future price of oil will be much higher than now for two reasons; first the decline of the dollar, and also we hit peak oil in 2005. Guys, every year we produce less petroleum. This will impact the price at the pump.