The enigma of oil
In the December 2005 edition of BC Business magazine I found a very interesting article talking about the effects of high oil prices on the economy in BC and Vancouver. Some very intriguing parts were
"gas prices spiked spectacularly high in August at US$70 a barrel or $1.30 a litre"
"it is no longer a question of if, but how soon. Should CIBC chief economist Jeff Rubin and New York's Goldman Sachs and a nasecent chorus of other analysts be right, oil could hit US$100 a barrel in the next 48 months"
This would make gas at the pumps $2.00 per litre, double what it is now. When this happens what effect is it going to have on your budget? What if you were able to save 10-30% of that hike? We are moving to a trend of high oil prices, business is much easier when you have a trend at your back. What are you doing to take advantage of this trend?
Cheers,
CB
"gas prices spiked spectacularly high in August at US$70 a barrel or $1.30 a litre"
"it is no longer a question of if, but how soon. Should CIBC chief economist Jeff Rubin and New York's Goldman Sachs and a nasecent chorus of other analysts be right, oil could hit US$100 a barrel in the next 48 months"
This would make gas at the pumps $2.00 per litre, double what it is now. When this happens what effect is it going to have on your budget? What if you were able to save 10-30% of that hike? We are moving to a trend of high oil prices, business is much easier when you have a trend at your back. What are you doing to take advantage of this trend?
Cheers,
CB
posted by Chuck Brady at 2:09 AM
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