Buffalo Boy's Blog

Oil for all intensive purposes is going to hit $100 a barrel and beyong. What I find intriguing is that no one is mentioning that oil is a dead resource. In 10 years, oil use had better be on the decline all over the world because if it isn't we are going to have some major energy problems.

I can't help but get the feeling that the price is being jacked up because they are trying to squeeze every last cent out of oil as a major energy source. This could really be the last big spike for oil because people are starting to really feel the pressure from rising prices.

The thing about this spike in prices is that it is for supply concerns that have nothing to do with a major disaster. There just isn't enough of the stuff to go around. Its time that we start to make some major concessions when it comes to our energy use. You can;t help but get the feeling that once oil goes over $100 a barrel, its staying there and beyond.