July 3, 2008 General 0

Oil Prices Closing In on $146 a Barrel – FOXBusiness.com
Oil prices neared $146 a barrel Thursday for the first time ever on reports of declining U.S. stockpiles and the threat of conflict with Iran.

Comments by Saudi Arabia’s oil minister suggesting his country had no immediate plans to boost production also lifted prices.

If this keeps up the saudis and the oil companies won’t have too many customers.  Their own greed is going to do them in as americans flee cars and start finding ways to cut back.  It happened in the 70’s and it will happen ehere again.