Monday, January 31, 2011

Oil exceeds $100 per barrel

http://www.reuters.com/article/2011/01/31/us-markets-oil-idUSTRE6BD61U20110131

As I spoke about on today's episode the surge in oil prices could have a HUGE impact on the world economy, individual nations and their transportation costs, as well as the costs of shipping important materials(like food and fuel) that keep our societies going.  And this still seems to be in the early stages...  Get ready for $4 or $5 gas here in the U.S.  And who knows what other ramifications could unfold as this develops. 

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