sirsatire wrote an interesting post today on
Here’s a quick excerpt
Some records are extremely difficult to break. The world record for many feats, such as the fastest time in the 100 meters, are considered accomplishments that will take years to beat. The record for the most home runs hit in Major League Baseball took 37 years to beat. However, some records have become infinitely easier to break, one of them being the price of oil. Oil is once again approaching record high prices, as the high of $139 set on June 16th is about to be shattered after recent troubles in Nigeria. Oil prices have made a staggering rise this year, and the possibility of even $200 crude oil is likely to occur by the end of this year and most assuredly by the end of next. Prices for oil do not seem likely to abate within the next 5 years.
This is not to be unexpected. By the very nature […]
Read the rest of this great post here