gas going up

People, I told you, yes I told you that you would see gas over $3/gal this summer. Well, you may not have to wait very long because prices are increasing right now. Gasoline prices are moving up. We hit peak oil in 2005 and that means in this decade the price increase will be massive. As red china consume more petroleum products expect an increase in prices.

Outlook for the week

Arabs plan to cut petroleum production even more to boost prices over seventy a barrel. People will pay thru the hose for gasoline. This means gas pump prices will soon go up.

North Korea tested yet another nuke.

Indian outsourcing firm Satyam Computer Services will layoff 10,000 of its 40,000 knowledge workers. This means that things are so bad that companies are even cutting out the low cost high tech workers.