It is very likely, the crude oil price per barrel may get up to about
$120 to $140 by the mid or end of the summer. The reasons are many.
This means that the price of fuel will most likely rise by at least
another 20%. There are futures contracts out on crude oil for a price
point of $200 per barrel by year 2010.

The price of oil is rising faster than the normal rate of inflation.
This will contribute to the cost of most everything we have. The rate
of infation will be difficult to keep up with.

One of the causes for all of this is from the massive out-sourcing of
manufacturing in foreign countries to have lower labour cost, and from
letting our society become more dependend on other countries for
energy and materials.

From all that is going on, North America and most of Europe will
become a third world economy. We will no longer be able to afford to
live at the standard of living that we are used to. It will take a
very big change of attitude and the way of doing things to fix the
problem.



Jerry G.
======


On Feb 26, 11:59*pm, "Jim Thompson" To-Email-Use-The-Envelope-I...@My-
Web-Site.com wrote:
http://www.marke****ch.com/news/stor...7B40D68525%2DB...

Feb. 26, 2008

.................................................. ..........................*.......................

As the broader market began to regain lost ground, crude prices for
April delivery gained 2.3% to a new high of $101.11 a barrel on the
New York Mercantile Exchange, surpassing crude's last record of
$100.65 hit last week.

* * * * * * * * * * * * * * * * * * * * ...Jim Thompson
--
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