OIL breaks $103

This just in. Oil breaks $103 on Egypt crisis. Netizens, this is very grim news. Fuel oil is seeing massive inflation in price. It means we are going to really pay at the pump. Yeah, we did say pay.

Oil damage

There is much oil damage from the BP spill now. For dying corals it appears oil is cause. What can we say. Still, there is much to answer for by oil men.

Oil rises

People inflation is here now. All this talk of deflation is as bogus as vapor. The only deflation I see is in workers wages. Drop in the dollar is causing oil to rise. This triggers inflation even more. Expect more trouble as oil rises.

oil fear keep tourists away

Oil spill fear is keeping tourists away. Well, what can I say. This oil spill is a disaster like Katrina except worse. It will affect the area for many years. Sadly, we do not see the damage to our oceans. Folks, it is from the sea that we get most of our oxygen.

Future oil prices

Tell you what, I don't see any global warming. In fact, it feel like a new ice age. That means we are using more heating oil now. Also, it means gas prices will go up this summer. Get ready for some shocks in petroleum prices. The $147/b in 2008 will seem low soon. Future oil prices are marching up. This is one reason why we are in trouble, the other is that many or our suppliers like iran are not our friends, but our enemies.

Oil prices above $75

Sadly, our sun is setting on fossil fuels.The oil prices jump over $75/b today a record for the year. The debunkers that said they peak oil was a hoax need to re-examine. Folks, we hit peak oil back in 2005 and every year there is less oil to extract. Petroleum producers such as Saudi Arabia are max out. Expect oil prices to rise in coming years.