Wednesday, November 21, 2007

$99 A barrel are you out of your mind?

Oil has a new high of $99.29 surpassing the previous record $98.69 can You say highway robbery. The cause the rapidly increasing prices seem to come from an insufficient amount of oil production from the northern hemisphere for the winter heating cost and the falling dollar. Experts predict that oil can hit a high of $103 in the coming months.Also chrsyler and Gm motors are combated this by coming up with a new hybrid car that will give on average a 25% increase on mileage per gallon.My predictions on stocks I would say ethanol and solar power would be a sound Investment.Even though they seem as trends now they could replace oil energy in a matter of time


Trend Watch


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