The Problem !
"We will see $60 oil before we see $40 oil", said an economist after the 70's oil shock. For the first time in history it is finally here. The price of a barrel of oil closed today at $60.54. Economists are blaming this on the election of ultra conservative Mahmoud Ahmadinejad to the presidency of Iran. He has already declared that everything oil related goes first and foremost to Iran itself. Iran also may not want to sell to america anymore at all. They have the second largest amount of oil fields in the world. Saudi Arabia is number one. He also likes nuclear weapons. The thing is, oil is finite, like gold. Gold goes up in value. Oil will also continue to go up in value. I am thinking that we will be going to war with Iran in about 2 years. Pictured above are cans of fresh beautiful tasty oil. The good news is that dented cans are half off.
posted by Ash @ 7:48 PM
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