Oil prices up...up...up
Oil prices continue to rise and it is expected that they will continue to do so. Read "Can anyone stop the rise in oil prices." The increase in price comes due to an increase in demand and a new crowd of oil investors speculating on the future supply. Part of the demand stems from the Chinese. China is working on creating a petroleum reserve of over 750 million barrels of oils. No changes are seen in the near future. SUV sales are already decreasing as the price of gas goes up. (If you need a break from studying read these comics about gas price increases).
posted by Kent @ 4:06 PM
1 Comments:
It's nice to see someone else posting links to comics on this weblog.
That being said, you raise valid issues that I hadn't heard about, such as China's oil reserve. Here's a hypothetical: If demand for SUVs (sales) continues to drop, will they eventually be cheap enough that I can afford one, or will the auto industry create a fuel-efficient SUV or (more likely) decrease production first?
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