Sunday, May 2, 2010

Thing$ Going North $$: Oil - a sticky subject

First, I’m going to say something that will go right over your head.

“April (2010) became the first month since October (2009) when the front-month contract traded continuously above $80.” (May 1, London Free Press)

Let me say it another way. Oil (ppb $86.15 US) hasn’t been in the $70 range for awhile. Oil prices are going north.

Second, because of a growing oil slick south of us, prices may go norther, if I can say such a thing. And I believe I can.


["Keep schmilin' anyways"]

“US crude oil imports may slow as oil-tanker traffic is delayed in the US Gulf of Mexico, investment bank Goldman Sacks said in a note to clients.”

So, Mr. Goldman is out of jail, passing notes, and because Canada is a close and personal friend and neighbour of the US, our wallet will likely notice these changes in oil prices.

Start saving for the tough times ahead.

Please click here to read about more Thing$ Going North $$

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