Interesting article on oil prices:
http://www.guardian.co.uk/business/2009/jun/10/oil-market-reserves
Although I do question if it will hit that high since it would damage the world economy and therefore keep the price in check. I do believe we will see $3 gas/oil prices by the end of the year so stalk up now. I think whats driving it is the fact that the dollar is beginning to loose its "value" and the fear of inflation. Since oil is traded in dollars, it will cost more $ to buy it on the open market.
With that being said, the importance of other forms of fuel such as pellets will only grow. I think I will get 1-2 more tonnes just to be safe.
Ossy
PS: Web, feel free to move this over to the Ash Can forum...seems that no one can post a new topic there.
http://www.guardian.co.uk/business/2009/jun/10/oil-market-reserves
Although I do question if it will hit that high since it would damage the world economy and therefore keep the price in check. I do believe we will see $3 gas/oil prices by the end of the year so stalk up now. I think whats driving it is the fact that the dollar is beginning to loose its "value" and the fear of inflation. Since oil is traded in dollars, it will cost more $ to buy it on the open market.
With that being said, the importance of other forms of fuel such as pellets will only grow. I think I will get 1-2 more tonnes just to be safe.
Ossy
PS: Web, feel free to move this over to the Ash Can forum...seems that no one can post a new topic there.
