Saturday, October 18, 2008

Oil Futures Down To $71.85 But What Next?

As oil prices drop don't forget how fast they shot up. Environmental activists, tin horn dictators, middle east unrest, unstable governments, terrorists and irrational behavior all can drive fuel prices up in a New York minute. Although not in the same category, I would consider oil speculators who yell "fire" in the petroleum futures market a economic terrorists. If you have been keeping up with the fundamentals regarding the nature of supply and demand, isn't it funny that full oil tankers remained parked with no place to go as oil touched $140 a barrel. Yea, about 100 of them, perhaps more.

When things start to go south you need to look at the shipping industry and how it relates to the economy. When shipping slows or stops that means demand is down. So at the sharp rise in oil prices demand dwindled and tankers were parked. But, you didn't hear that from regular media outlets. Those outlets that report only the blood and misery but are far too lazy to do their leg work to find the truth.

In the meantime we are on to this volatile fuel market. We are looking for solutions to solve our own personal fuel crisis. These recent fuel prices I know have ravaged savings and shrunk wallets leaving us bewildered as if there is nothing we can do.

Well, let me tell you there is something you can do. In the future I plan to provide links, videos, product reviews and more about this subject. Let me tell you, I am fed up! Fed up with our unresponsive and out of touch government and their failure to do the right thing or take responsibility for their poor action or lack of.

Let's take a look at Hydrogen.

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