The latest column from Boone at the Huffington Post:
The Oil Price Roller Coaster is on the Upswing
It has been nine months since oil hit its high of $147 per barrel and the price of gasoline at the pump in the United States topped $4 per gallon for regular. In California, gasoline topped out at an average of $4.43 per gallon. Since then, the worldwide recession dampened worldwide demand and oil fell to about $39 per barrel in February of this year.
But, guess what? OPEC has been fairly successful in cutting supplies and the world's economies are showing the earliest signs of recovery and oil prices are creeping back up.... Read more