Petroleum, or more correctly the industrial use thereof, is 150 years old today.
Happy 150th Anniversary … Petroleum
27 Thursday Aug 2009
Posted Misc.
in27 Thursday Aug 2009
Posted Misc.
inPetroleum, or more correctly the industrial use thereof, is 150 years old today.
22 Tuesday Apr 2008
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Why oil could hit $180 a barrel – MSN Money via kwout
In the “more dire predictions” category, Jim Juback from MSN (moneycentral.msn.com) thinks oil will continue its price rise. He sites geology and geopolitics. I often read his columns and they are quite good on the whole.
He omitted what I believe to be the major cause of this, and other, inflation. Government central banks producing huge quantities of fiat currency.