With the price of Oil hitting above 100$, it is that time of the year where we should all start looking for alternative means of transportation. With the Oil at new heights and with the middle east in an uneasy condition, one can only wonder how much further is this going to go to.
Of course, all eyes are on the OPEC but going by what they did the last time there was a hike in the Oil price, they would not do much this time either. The cost of the Gasoline has already shot up and naturally the prices of the essential commodities are also getting hiked. Our wallets are growing thin and now with this Oil hike, it is becoming micro, getting by on our salaries is really turning into a struggle of sorts these days.
Thursday, January 3, 2008
Oil goes into new waters!
Posted by scorpius at 10:59 AM
Labels: commodities, crude oil, essentials, futures, hike, margins, middle east, opec, politics, prices, profits, range
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