posted by Shelley
I got an email from a friend today letting me know the price of a gallon of gas in a nearby city — $3.75! Holy cow! Then I read on my favorite news source that BP and Shell posted forecast-busting big profits to the tune of a combined $17 billion in the past 3 months. OPEC says oil could hit $200 a barrel — oil prices have already hit a historic peak close to $120 a barrel, putting further pressure on global economies.
Some US Senators are blaming high oil prices directly on Opec and Saudi Arabia, its largest and most powerful member — stating that oil production has been reduced by about 2m barrels a day over the past three years, even though oil prices had continued to rise. Algeria’s Prime Minister says that prices are high due to the recession in the United States, and went on to say that each time the dollar falls 1 percent, the price of the barrel rises by $4.
So now what? What do ordinary people do? I have absolutely no clue — but I hope that someone has a plan. I also read that in New Smyrna Beach, Florida, the 3rd swimmer in 3 days has been attacked. That is direct proof that all sharks haven’t moved to dry land.