Leonardo"s Notebook by Mattheus Mei

I have been impressed with the urgency of doing. Knowing is not enough; we must apply. Being willing is not enough; we must do.

Monday, May 05, 2008

Oil hits more than $120!

Wow, Oil hit more than $120 according to Yahoo! News based on a weakening dollar and supply trouble. But the good news is:
Retail gas prices, meanwhile, fell more than a cent over the weekend, offering further evidence that prices may have peaked for the year.
You've got to be kidding me? The price fell more than 1 penny and that's reason to declare that the prices have peaked for the year? We've not even hit Confederate Memorial Day let alone Memorial Day and the Summer travel season!! This must have been written by the same folks who tell Mr. Bush we've not been in a recession... oh and the more than 1 cent fall was 1.1 cents.

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