We hear today that oil prices are yet again on their upward march. [Read article]
Our readers won't be surprised. So, as journalists write of "regional instability" and other pacifying phrases which are used, in my opinion, as a mask for the depleting oil reserves, you will know what's going on behind the scenes as nations, companies and people prepare themselves for a massive change in how human civilization obtains its energy.
With oil at $68 and change per barrel and gas at the pump pushing $3.00 per gallon, the financial pressure will continue on families in the U.S. already pushed to the limit with higher interest rates, zero wage/salary growth, and a rapidly depreciating dollar.
Don't get overly excited about news that on any given day the dollar may gain against a foreign currency. [Read article] It's the long-term trends we are watching for oil reserves, outsourcing, exchange rates and monetary inflation. For a look at the longer-term trend of the dollar vs. the Euro see this: [View chart]
Take care and stay tuned to this blog for the latest news commentary.
Smart Energy Alternatives
posted by LiveWithoutLimits @ 1:37 PM
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