Oil Price: yet another RECORD HIGH!!
Omigosh,, Crude Oil prices has hit a new record high of nearly $106/barrel!! I still remember how we used to joke about the possibility of oil prices actually reach $100/barrel and beyond just over a year ago,, but now it's for real!! Prices for crude oil for future delivery went as high as $105.97 (before easing slightly) due to many factors,, most notably being the continuing slide of the greenback (a.k.a. dollar ^_^) to new lows against the euro.
Now I wonder what will happen next?! $200/barrel?! Yea right,, and we'll be healthier indeed for we'll be going about WALKING,,!! Hehee,, Could I still be laughing about it when it actually happens?! Not in my wildest imagination!! Hope things are gonna be okay,, Godspeed!!
>> Update
Remember how it was $105/barrel? Now (3/14) it's (finally) reached the psychological level of $110/barrel!!!

,,,and the dollar keeps plummeting to its worst point against several major currencies,, I have a feeling that the worst is yet to come,, let's just wait n see ^_^;
Labels: Economics, Events, Oil, World
posted by KiD_HaHn! on 11:12 AM  |  
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