The GeoChristian

The Earth. Christianity. They go together.

The price of oil

Geology.com has a link to a prediction (The coming oil crash) that the price of crude oil will plunge down to $30 a barrel. The current high prices have sparked a good amount of exploration, which should lead to a greater supply, which should lead to lower prices.

Others point to instability in the oil-producing regions of the world—the Middle East, Nigeria, Venezuela—as a reason to expect higher prices for crude oil.

I don’t know, but I guess we’ll find out sooner or later.

Grace and Peace

January 1, 2008 - Posted by | Geology

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