Oil near $103

Situation for our economy is poor. Perhaps we can find out what is going on. Fact is oil is near $103 now. Yeah, energy prices are soaring. This oil crisis could not come at a time that is worse. Whole middle east is near war. Egypt was just the beginning of woe.

OIL rises

Analysts ask how high can OIL go? I am giving out a prediction that in 2011 oil will rise. Fact is we hit peak oil in 2005 and petroleum production is in a terminal decline now. Saudi Arabia is running out of excess capacity and faces a difficult transition away from crude that will cause pain. Also, demand from China is increasing. This means oil over 100 next year. We could see four dollar gas by 2013 or sooner.