Oil Prices are the Highest Ever
Oil prices hit an all-time high this morning as US light crude was up to $102.80 a barrel in East Asian trading. Yesterday oil was $102.59 a barrel, but today’s peak figure beats the record high of $102.53 for a barrel of oil back in April 1980.
The shaky state of the US economy has weakened the dollar and the weak dollar makes oil a cheaper for investors in other currencies.
Now if oil prices aren’t a good reason to go green then I really don’t know what it will take to make people snap out of their excessive ways!