Tuesday, September 04, 2007

Oil prices are near record high

Oil will soon go over $80/b as the demand continues to increase while production of oil goes down. We will soon face gasoline prices that are at all time highs. I predict over $4/gal gas before the end of the decade.

Also, hurricanes will damage the offshore oil platforms reducing our supply of petroleum products.

In other news, cat 5 hurricane Felix slammed into Nicaragua, and do serious damage. This super storm is part of global warming causing more killer hurricanes.

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