Wednesday, March 5, 2008

Oil at $104! Start raiding the friolators.

I can't imagine what is going to happen when we hit $200 or $300 a barrel. What the public doesn't realize is that inflation adjusted and currency adjusted, we are paying roughly the same for oil as we were when it was $70/barrel. Why don't we focus more on the value of the dollar instead of the petro markets. If our dollar was stronger, the price would go down, simple enough.

No comments: