Originally posted by: Engineer
Originally posted by: conjur
Should drop next month, though. Gas prices here are down to $1.83 from $2.05 at its recent peak.
While I agree, it will be short lived. The summer peak season combined with China's thirst for oil (Building tanks to store over 2 billion gallons of oil for reserve) will harm us. Natural gas usage will also hurt, especially if more power plants come online using natural gas.
Nigeria's problems seemed to have been solved short term. Iraq's oil problems are well documented. Russia seems to be a tad more stable.