Buffalo Boy's Blog

Oil back in 1999, just 9 years ago almost to the day was in the $13-$14 a barrel range and for the year was averaging $11.22. If I had $10,000 on me back then, I would have invested in oil. In just 9 years my $10,000 would have grown to over $100,000 and then some.

Oil is going up and up, we may get a small break here and there but for the most part, its not slowing its ascent. Cheap oil is gone and Id be surprised if it went below the 100 mark again.

Of course I was listening to Rush Limbaugh base the price of oil on what he calls the Global Warming "Hoax" and that it is global warmings fault that oil prices are so high and food prices are so high.

It couldn't possibly be that we are reaching a tipping point where the population of this planet is finally outstripping its ability to provide enough resources for us. We all know that oil is a finite resource, but so is food, there are 6+ billion mouths to feed on this planet and we are already seeing a lot of the warning signs in India and Africa.

Prices are going up because things are scarce, and just maybe it would make sense that instead of being a society that is known for being wasteful, maybe Limbaugh and his followers should follow the definition of conservative and actually CONSERVE resources.