Oil industry prices and profits are now peaking. Look for some major breakthroughs in 2009 in battery technology in the automobile industry and look for oil prices to level off or even begin to decline. Within the next 10 years the day will come when ExxonMoBillions won't be able to give away a barrel of oil and people throughout the world will be scratching their heads wondering why it took so long and why so many nations allowed the days of fossil fuels to go on so long and do some much damage to our precious environment.
Saturday, June 28, 2008
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