Opec warns of $200 oil as price hits new high

Well as each day passes things just keep getting worse. Gas hits $3.60 a gallon, Crude nears $120 a barrel, refinery workers striking and militants bombing pipelines. At this rate the government will have to issue gasoline ration cards as well as food ration cards and enforce car pooling! Now OPEC warns of oil going to $200 a barrel! About 3 months ago a friend of mine had predicted this would happen within the year and sure enough here are the signs of its coming.

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Opec warns of $200 oil as price hits new high

Gas hits $3.60 a gallon, crude nears $120 on supply outages

Go to the sites below for statistical information regarding current oil prices.

  1. Up Stream On Line .com
  2. WTRG Economics

And you can also go to my post The Next Great Economic Depression which I continually update as events unfold.

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