Friday, April 3, 2009

Peak Oil Financial Planning: "America's oil bust: setting ourselves up for another price spike, " By Steve Hargreaves,, April 3, 2009

"The collapse in oil prices from over $147 a barrel has caused many oil producers to pack up their rigs and stow their jacks. Some fear the drop in production activity will lead energy prices to spike once the economy recovers."

(Continued here).

High oil prices mean that inflation is just around the corner, as noted in a previous post.

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