Petroleum, or more correctly the industrial use thereof, is 150 years old today.
Happy 150th Anniversary … Petroleum
27 Thursday Aug 2009
Posted in Misc.
Tag Archives: oil
Oil at $180 = Gas at $5.50 ?
22 Tuesday Apr 2008
Tags
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.
