How high will oil go

Maybe it’s time to start tracking fuel costs again?

Iran is threatening a ban of all oil to European Union for 5 to 15 years. On that note gasoline has jumped to $123.6 per litre around here today and there is talk of $150/barrel soon. China and India want all the oil they can get. That’s where our jobs have ended up. Obama rejected the pipeline from Canada and there’s opposition about shipping oil down the west coast.

On an interesting note, Steve Job has said that jobs will not come back according to what I read in the New York Times yesterday. His comment at the time was that a few years ago they made a sudden change to new phones coming out. Couldn’t have been handled in the old US factory but the Chinese could handle it. The Chinese factory had 8,000 works living in a dormatory and called them to work on short notice. They looked after the change in a 12 hour shift. Sounds like slave labor to me. Recently saw on the news about a Chinese couple trying to get home to see their kids. Couldn’t get a flight for their once a year visit because they have to work a long distance from their home. Big business promotes this.

Maybe it's time to start tracking fuel costs again?

Iran is threatening a ban of all oil to European Union for 5 to 15 years. On that note gasoline has jumped to $123.6 per litre around here today and there is talk of $150/barrel soon. China and India want all the oil they can get. That's where our jobs have ended up. Obama rejected the pipeline from Canada and there's opposition about shipping oil down the west coast.

On an interesting note, Steve Job has said that jobs will not come back according to what I read in the New York Times yesterday. His comment at the time was that a few years ago they made a sudden change to new phones coming out. Couldn't have been handled in the old US factory but the Chinese could handle it. The Chinese factory had 8,000 works living in a dormatory and called them to work on short notice. They looked after the change in a 12 hour shift. Sounds like slave labor to me. Recently saw on the news about a Chinese couple trying to get home to see their kids. Couldn't get a flight for their once a year visit because they have to work a long distance from their home. Big business promotes this.