Sunday, April 23, 2006

Some perspective on oil prices

First of all, I was wrong. I am surprised that I havent heard from you yet MT... I said not too long ago that $70 per barrel oil and $3 per gallon gas was going to be a thing of the past. Well, we are all wrong occasionally but you should double up here and short some more oil....if prices go back down into the $68 range you'd at least break even.

That aside, gas prices are again high (and they'll be higher in the next few weeks) and it looks like this summer is gonna suck at the pump. Just to give some perspective, though, I wanted to include this link to an interesting chart. It shows the average price for a gallon of gas in various cities throughout the world. Feel happy that you don't live in Europe where all the governments tax the hell out of gasoline. Just a little something to think about when you are complaining about that $60 gas bill this week.

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