Monday, March 7, 2011

Oil Prices

Here we go again. The pundits, talking heads and Chicken Littles are all saying the sky is falling. Yes, oil prices are up due to the situation in Libya and other Middle Eastern countries. It's a good chance that oil prices will be ridiculous for the short term, but once things settle out and the fighting ends, prices should go down. If there was a reason to switch to alternative fuel sources, this is it. I don't know anyone who isn't affected by the huge jump in fuel prices. It affects the cost of everything and food prices worldwide are rising dramatically and putting food out of the price range of more and more people. Not a good situation. The sooner we move to renewable and alternative sources of fuel, the better. The whole world will be better off.

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