Past 100 dollars US per barrel of oil, that is. I made the forecast to some friends early this year that we would see $100 oil by the end of this year. It seems that that day has arrivedâ€”or shortly will arrive. Apparently the message of ever higher-priced oil is finally beginning to penetrate the global mind. Not a minute too soon.
As one indicator, the Tokyo auto show, just ended, had a number of green cars in it. These included a 400kg plug-in hybrid Toyota 1/X and an innovative all-electric Nissan Pivo with a 360-degree revolving cabin and wheels that can turn 90 degrees to slide directly into parking places. Of course, you can’t actually buy one of these yet. Maybe in a few years.
So what can you do now while gas prices continue their inexorable climb and the interest portion of your adjustable-rate mortgage follows suit? Continue reading Blowing past 100