Thursday, September 08, 2005

Rising Oil Prices

Just heard from the news that crude oil prices have surpassed US$70 per barrel, and analysts have reported it is not surprising that the confidence-rattling pivot of US$100 may be reached. When demand exceeds supply, prices surge and consumers are hit hard in their pockets. When the effects roll on, a recession is inevitable. I think it is impeccable during these times, we as consumers reflect upon our lifestyles and liberties. Praying hard for positive developments is most perennial.

Sidetrack:
1) Hmmm.. I realized the Sydney pictures didn't turn out too bad.
2) Also added a link to Peishan's (my colleague) blog down here.

1 Comments:

Anonymous Anonymous said...

Hmm.. yep... and there is an analysis that in six months, it will surge to US167 per barrel. Pretty bad...

9:53 PM  

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