Some energy analysts are beginning to think 2007 will be a case of deacute;jagrave; vu for consumers and business. In this scenario, prices start to ratchet up in the spring, peak sometime in the summer at a new record, and then fall back to lower levels later in the year. (Christian Science Monitor, Wednesday)
Nobody can predict the economic future, but free markets can handle whatever comes.
FEE Timely Classic
Rising Prices: The Market's Way of Conserving Oil by Jorge Amador