The price of oil topped $100 on January 2 and again on January 3.  During these past two days I have received emails and phone calls from regular readers, complimenting me on my correct prediction. As I wrote here more than two months ago, the price of oil would not only cross the $100 price barrier, but would trade in the $80-125 range for the next year.  

A year ago, on the syndicated program “First Business”, when oil was trading in the $50-55 range, I predicted that oil would go over $80 during 2007, which, at the time was …

Happy New Year to all of you that are regular readers of this blog and to those of you who might be coming to it the first time.  May 2008 be a happy year for everyone.  I can promise that it will be another year of upheaval and change, probably exceeding 2007 in that regard.  I will submit to you my annual predictions, both general and specific, for the year within the next two weeks.  Right now I would like to take a quick look at several late in the year developments of 2007 that provide indication as to where …

There were three reported news stories last week that taken together point to clear trend lines.  In a court ruling, the state of Vermont won the right to set auto emissions and MPG standards that are stricter than those of the Federal government.  The dollar reached an all time low against the Euro and oil crossed over the $80 a barrel price barrier.  

Vermont is one of twelve states where the state government is going to court to gain the right to institute lower emission standards.  Most of these initiatives are patterned after a policy already signed in California. This …