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Tuesday, November 22, 2005

High Oil and Gas Prices

The dramatic increase in global demand for oil, and the resulting price spiral in the last couple of months, may be early warnings of a fundamental change in the economies of industrialized nations.

If you think North America will not be affected, you are in for a big surprise, United States now gets 60 percent of its oil from foreign sources, demand elsewhere affects the price here.That's what has been happening recently. A surge in demand from China and India has strained supplies and threatens to outstrip them later in the year."
In fact, prices for crude oil and gasoline reached record

Prices will skyrocket as oil companies scramble to produce oil from new fields and sources, using expensive new technologies. That process might have already begun; Canadian companies are producing oil from tar sands that were not economically feasible before today's high prices. It is also known that we have used up over 50% of the worlds known crude oil reserves.

With all of these events happening the need for products that cut oil and gas consumption is growing at an alarming rate. What are you doing to take advantage of this trend?

Cheers,

CB

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