Grab Some Oil Today!
Oil prices have hit their lowest mark since 2005. Currently, a barrel of oil will run you about $50. Most of us don’t buy barrels but if you did that is what it would currently run you.
Regardless, this is good news because gas prices have dropped. In some states gas is back under $2 a gallon! Crazy stuff. Bad news is that if gas prices continue to drop, there will be less pressure on car manufacturers to produce more cars with alternative energy sources. Hmm, maybe that is the point here!
The United States uses 25% of the world’s oil and the world’s largest producer of oil is the dictatorship of Saudi Arabia. The House of Saud has made all their wealth off of the black gold and they cringe at the thought of the United States becoming more environmentally conscious. This is really bad news for those guys and the oil companies!
OPEC controls most of the world’s oil supply and therefore controls price. Exxon Mobil made a record $35 billion profit in 2005, despite the excuses of hurricanes depleting supply. Even with falling prices, the oil companies will still make great profits and people will make less of a stink about it. It’s a win win situation, especially for them! Regardless, go grab a bucket of oil while the gettin’ is good!
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