Wednesday, August 18, 2010

Bye bye friendly skies

The International Energy Agency: ‘Cheap oil is over’ 
"The era of cheap oil is over. Each barrel oil that will come to market in the future will be much more difficult to produce and therefore more expensive. We all - governments, industry and consumers - should carefully choose the type of car we want to buy in the future and should be prepared for oil prices being much higher than several years ago."

That means more than $145 a barrel. Airlines start to sputter and cough at $100 a barrel so book your Disney flights now!

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