Thursday, January 06, 2011

gas rising

Basically, we have an empty wallet after we put in a full tank of gas. Petroleum prices are rising. This is to be expected as we hit peak oil back in 2005 and supply is going down every year. Also, demand is increase. Mostly that comes from emerging economies. These are india and china, not japan. Great effort is made in japan to create electric cars.

Well, we hope that is a cure. That said, I predict for this decade rapidly rising gas prices. It is time to trade in that big pick up. Perhaps purchase a hybrid car. Expect a long hot expensive summer.

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