Saturday, April 22, 2006

Seventy-Five Dollar Oil

Oil closed at $75.17 a barrel yesterday as gas prices pushed $3.00 per gallon.

Over the past year, I've noted these oil mileposts:

And before all that, on April 1, 2005, I described the the sobering implications of "Hubbert's Pimple". The implications are as sobering as ever.


Copyright (C) 2006 James Michael Brennan, All Rights Reserved


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