Tuesday, April 18, 2006
The End of Oil?
Nope
Here we go! Instability in the Middle East - e.g. Iran - is pushing oil to record prices and there's nothing like high oil prices to get the media all in a lather. But seriously, while gas in expensive now and will likely get a little more pricey as we move into summer, the underlying pricing issues aren't related to overall supply, but rather the impact of politics on supply...a situation that the markets will sort out in due time. Until then, let's just suck it up and recognize it is not yet the end of the world.
Here we go! Instability in the Middle East - e.g. Iran - is pushing oil to record prices and there's nothing like high oil prices to get the media all in a lather. But seriously, while gas in expensive now and will likely get a little more pricey as we move into summer, the underlying pricing issues aren't related to overall supply, but rather the impact of politics on supply...a situation that the markets will sort out in due time. Until then, let's just suck it up and recognize it is not yet the end of the world.
