latest posts
Future of Energy – $100 a Barrel Oil is the New Normal
February 20th, 2008
Regular readers of this column know that I have long predicted that oil would reach and then exceed the $100 price barrier. In fact, when this barrier was first breached the first few days of January, readers congratulated me on the veracity of my prediction. Yesterday was the first time that a barrel of oil actually closed over $100. This drove the stock market down, made economic prognosticators nervous and created headlines across the country.
Six months ago I predicted that the trading range for a barrel of oil will be $80 — 125 for the foreseeable …
Optimism About the Future
January 29th, 2008
There is a lot of pessimism in the air. As we come to the end of the first month of 2008 it seems that many are in a negative, hunker down state of mind. The stock markets are being fueled by fear. The commentators are speaking as though a major recession has begun. Casualties continue at too high a level in foreign combat, and of course it is cold and dark outside for much of the country. All this in a country that seems to have optimism in its national fiber.
