Tuesday, June 24, 2008

The era of cheap oil is finished

Jun. 23 - Saudi Arabia promised to boost oil output, but prices moved higher with analysts saying the era of cheap oil is over. The White House welcomed Saudi's output increase, but sought to dampen any expectations that it would do much.

But hey... seriously... why would the White House care? Bush is profiting from higher gas prices too.

read more | digg story

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