What a Christmas time present! We would be given the gift of $200 / barrel of crude oil and see gas prices rise to well OVER $6.00! Wow and Ouch!
This story is coming from the Wall Street Journal today.
Why? Why?
Here is a Quote from the wall street Journal:
"The list of forces shoving prices upward is long: a weak dollar driving hot money into commodities; jitters over a possible military conflict with Iran; soaring costs and chronic project delays in the world's oil patch; concerns over scarce supplies and long-term production declines; and continued robust demand growth in much of the developing world."
http://online.wsj.com/article/SB121538739112131075.html?mod=GibsonDunn
Here is another awe inspiring contribution to the situation:
"Oil's seemingly unstoppable rise has also scared off some of the very financial players that would otherwise temper the market. Oil producers who would normally lock in high prices by hedging on the futures market have now backed off, assuming that prices will continue to rise.
That has fueled the upward momentum as financial players continue to bid up oil on the futures market, said Larry Goldstein, an economist at the Energy Policy Research Foundation. "The problem is that the natural hedgers, the producers themselves, are shying away, while the buyers get bolder," Mr. Goldstein said."
This graphic should blow you away:

Amazing!
Tired of it? Want to do something yourself?
Then visit this website to learn how to modify your car to use water that will supplement your gas usage in your vehicle! It is an easy system to install that will convert water into a highly efficient and cleaner fuel called Brown's gas or HHO!
See?
http://offto.net/waterplusgas







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