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Originally posted by Raud
I, for one, am not complaining.
I don't drive and about a year ago I made an investment in resources such as gold, silver, soy and of course; oil and those investments has just sky-rocketed since then.
There is always something to gain as long as you can read the signs and make a move in time.
WASHINGTON: India has warned that surging oil prices could jeopardise recovery of the global economy which is already vulnerable to a variety of risks, including political and social turmoil in parts of the world combined with natural disasters.
"The global recovery may be jeopardised by a sustained rise in oil prices," RBI Governor Duvvuri Subbarao told the Spring Meeting of the IMF here on Saturday evening. "Apart from the inflationary pressures confronting particularly the emerging and developing countries, there is the danger of a slowdown in the global economy unless oil prices moderate from current levels," Subbarao said in his address to the International Monetary and Financial Committee .
Originally posted by Shalnark
Al ghawar, saudi arabia's biggest oil field ( 60% of saudi oil production) has peaked in 2006 according to an aramco spokesman.
I think their statement vaguely suggests that their oil fields are declining and they didn't want their citizens to know .
Originally posted by Authenticated
3. Americans need to be more responsible and trade in the gas guzzling cars and start taking the train.
If only it was that easy. The U.S. doesn't have a train system like Europe, which stops in every town. I lived in Germany for 9 years, and could take the train anywhere, 10min away, 6 hours away, 10 hours away if I wanted. But in the U.S. trains only go from destination A to B and no in between.