Here comes summer, the days are getting longer and people are in a better mood for no reason at all (in regards to the economic situation). Oil was down to $30 something a barrel only 2 months ago and has slowly crept up over $50. Has anyone else noticed this? It's the start of the next oil bubble... only this time it's not a bubble. Gas should be around $4.00/gallon. This is the only way that makes Americans actually think about whether or not they are driving the 3 blocks to the ice cream stores. The short-term thinking in this country is evident by the fact that SUVs that are back in demand only a few short months after the "gas crisis". This isn't the first time it's happened either... remember the crisis in the early 70s? A lot of the same issues cam up back then and what did we do? Made a lot of suburbans. Well done.
There is a limited supply of gas and demand will keep rising so please give me a valid reason that prices will not head back towards $100 a barrel. It doesn't matter if we've hit peak oil production or not, oil is a limited resource and we need to use it wisely. Green energy needs to be a priority whether gas is an arm and a leg or only a thumb or even pinky. That being said, no matter how you slice it, oil companies are going to profit... BIG. Start stocking up on oil stocks and watch your investment increase just like gas prices will this summer! Don't be afraid to check out BP, COP, STO, and XOM.
RSS Feed