oil crisis soon

Gasoline is soon going over $3/gallon. While this may not seem like much of a prediction, it did not seem possible in January of this year when prices were a buck and a half. Actually, reasons are right in front of us. Folks, we are running out of oil.

Back in January when price of oil was in the 30's, any talk of $250/barrel oil seem so foolish. However, now petroleum prices are surging and this will put out any talk of an economic recovery. This because we already got all the easy oil and must now drill the high arctic and other environmentally sensitive regions.