Monday, May 05, 2008

Oil price insight

This gives a lot of insight to the fluctuation of oil prices over time. Note the chart of the dollar vs euro vs oil/gold. This fellow expects another 8 - 10 years of increasing oil prices before some of the new technologies and sources begin to kick in. personal note: The Global Warming "Hype" will drive a lot of inefficient technology at the expense of practical alternatives. My personal view is that nuclear and solar energy will take the proper lead in alternatives to carbon based energy .. and they should. Vic
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