Why We Need Alternative Fuel Sources

Because OPEC and everyone in the supply chain are excited to see the price of oil go above a $100 a barrel and prices at the pump go up, up, up. We need an alternative.

from The Wall Street Journal.

Dec. 5, 2007
Oil prices leapt about $2 in London trading after OPEC ministers said they wouldn’t open petroleum spigots any wider, a move that was expected after a recent slide in prices relieved pressure on the cartel to pump more crude. Nymex light, sweet crude futures rose $1.93 to $90.25 a barrel and Brent was up $2.04 at $91.57 a barrel.

FOR MORE INFORMATION, please see: http://online.wsj.com/article/SB119684759072914322.html?mod=djemalert

Personal Memory: I documented that oil sold for over $70 a barrel for the first time in a post April 18, 2006.


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