Thursday, November 11, 2010

Oil prices are on the upswing once again.....Hmmmmm........

My lifestyle revolves around constant travel throughout the spring and summer. I just read an article about this subject in Business Week. The article was entitled, "Why Oil Could Top $100 a Barrel." The forecast is that interest rates will continue to drop and weaken the dollar even further. Oil prices have risen 17% since Labor Day. There is some speculation as to whether this will happen or not. Now they are saying that the U.S. has plenty of oil and that the Saudis are pumping a decent amount. The Saudis are said to be satisfied with pricing in the $70-85 range.

1 comment:

  1. Wow no way...that is soo not fair. I would like it to stop I want to go out and don't spend a lot of money

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