Thursday, February 28, 2008

One Hundred Two Dollar Oil

Oil closed today at $102.59 per barrel, a new record. Oil first closed above $100 ten days ago, and has remained near or above the century mark since then. Oil is now very near its inflation adjusted all time high. Some analysts are predicting $4 gasoline this year.

Copyright (C) 2008 James Michael Brennan, All Rights Reserved


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