23/09/2007

Dollar Fluctuation

We are now facing the situation were we have both the crude price in a daily price record and also
the dollar fluctuation, but in a downward movement, in a way this helps to relief the crude price since
all transactions are in dollars.
But something serious must be made...the world economy cannot support for very long these crude prices.
If the oil companies continue in this path they will also suffer serious problems as more and more alternative energy solutions
become more apparent such as hybrid cars, fuel cells and so on..the consumer will also reduce the use of cars to a minimum and in this way the prices will drop.
The exporting crude countries should remember that today they control the energy market but tomorrow they may be starving.

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