The price of oil spiked above $147/barrel and settled just below that value. These are all-time records. Something about Nigerian unrest, a Brazilian oil strike and the continued devaluation of the U.S. dollar. As stated yesterday, maybe we have hit and passed Peak Oil.
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The Dow Jones industrial average dipped below 11,000 today and settled at 11,104. Gold is nearing $1000/troy ounce, at $965. Newcastle coal prices also reached new record high levels this past week. Is this recession heading into a depression?
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Hurricane Bertha is turning north and should head away from the U.S. towards Canada, but should hit colder waters and dissipate over the open ocean. Boris, just south of Hawaii now, is but a cloudy speck.
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Well, over the next few days I will complete the FREE hydrogen series with Part 5, where, perhaps, another renewable biofuel might be suggested as a more attractive energy form than hydrogen. Then, next week, I start on The Blue Revolution.
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