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At the last OPEC meeting the price per barrel was set at $55.00 per barrel
for 2005/2006, this was set as the bare minimum, I think their calendar year kicks in around June 2005 and yes I agree $100.00 should be the base price. Expect a major price hike after Washington threatens to go ballistic on Iran and more car bombs light up the sky in Saudi Arabia...the mid-east is about to get very interesting, North American reaction of course will be to build and buy bigger and more powerful automobile engines for the drive to Wal Mart 200 miles away to take advantage of all those deep discount savings on stuff no longer made in America. Might be a bit premature to look into becoming hippie survivalists, but then again as the air we breath ends up on par with Mexico City and the only really good jobs left in America include you asking if your customer wants Fries with their burger...might not hurt to read up on planting a veggie garden. Oh and as America becomes more interesting, expect the cost of tires to rise a few pennies and everything else we import goes up as fuel costs go up to get stuff to America. Nice thing about being old is you have learned to not get excited and take all this global insanity in stride...if I was 30 years younger, I'd be pretty ****ed & worried with the way the nation and the environment is going downhill. "Zach" wrote in message ups.com... Wasn't oil going for about $55/barrel a couple months ago? Whatever it is the price is much too low and I hope it goes above $100/barrel to pay for the real costs. Then maybe the excessive number of oversized, overweight, single occupant vehicles will get off our roads so we have more space for more benign forms of transportation such as riding recumbents. Zach |
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