Bob's Links and Rants

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Wednesday, June 01, 2005


Oil is up $2.68 a barrel just today; wholesale gasoline is up 7.2 cents per gallon today as well ($1.53.9 as of 3 PM). Here again are those great charts from WTRG Economics:

The charts are updated daily, so what you see there probably won't match what I wrote above.

Several of the books I've read on peak oil have suggested that sustained oil prices above $40 a barrel will have major effects on the economy. Well, they've been above $40 for almost a year now, with no signs of going below any time soon (or ever, probably).