Rising Price of Oil

The price barrel of oil touched an 11-month high on Tuesday. We will soon see higher gas prices. Already where I live it is above $3/gal. Because gasoline is made from petroleum the higher price of oil means higher gas prices.

I stand by my prediction. We will see the price at the pump soar, by 2009 gasoline will swell over the $4/gallon mark. The world situation continues to unravel and fall apart. We will have in the near future a cascade of catastrophes and a deluge of disasters.