Showing posts with label oil. Show all posts
Showing posts with label oil. Show all posts

Wednesday, May 21, 2008

This is not good... Oil prices hit record high


Frank Holmes, it appears you were mostly right. The problem is that the dollar is not rising and may not any time soon. Today, a barrel of oil went up to $133.79!

Could it be that we have finally reached that point where how we consume this resource matters? Must we actually consider changing our habitual behaviours, like... driving? Should our city councils think about mandating energy saving measures for home builders, as Frisco, TX recently did? New homes in Frisco must meet federal Energy Star efficiency standards.

A small step, but an important one. This takes more than a city or a village. It will take a serious attitude towards a problem; much like a sore tooth, that just won't go away. In addition to a grassroots effort on all of our part; it will also take a concerted effort from the federal government.

think links...




Monday, May 12, 2008

Thumbs up for Gas Prices going down

Appearing today on financial news channel CNBC, US Global Investors CEO Frank Holmes said that the price for a barrel of oil will “fall back to $85 - $100" per. Why? Because historically as the dollar gets stronger, the price for oil declines. After 20 years of tracking this, the financial markets agree there is a trend. The flip side they say, is that oil prices will go up again because demand remains high.