Crude oil closes at above 52 dollars a barrel!
I love it! These double digit gains percentagewise rock the house! The energy stocks are screaming for vengeance and are what kept the DOW going today! Just to be safe bro I would invest in companies like BP and GE and others that are developing alternative fuel technologies. Kudos to the Brits as BP not only is a major oil company, but they spend a LOT of money on R and D on alternatives such as hybrid tech, fuel cells, etc...
You keep pumping that oil my friend, Top Tankers is standing by to transport that oil with their ice breaking double hull tankers!
Bet those city folks that drive big trucks and SUVs when they do not really NEED it are hating life right now, hehehehehehehe. Never fear, the number one auto manufacturer in the WORLD, Toyota, is releasing the hybrid Highlander that gets 600 miles per tank and is 270 H.P. off a 6 cylinder! That's Tundra 8 cylinder power territory, and the Tundra is a gas guzzler!
I feel sorry for the folks in Cali though, they have ALWAYS paid the highest prices for gas and now it looks like there is no relief in sight to the rise in oil prices in the near future.