Thomko Petro Chemical Blog

It seems like yesterday when many of us could not believe oil at $100 a barrel, but those days are long gone . . . CT

Oil surged past $140 a barrel after OPEC's president stated that prices could go well above $150!!

Just when we thought gas prices were at their highest . . . but oh no, it's gonna get worse

There are serious economic trouble ahead in the key financial markets, along with the automotive and housing industry. Today's oil surge has the Dow at the lowest point in almost two years. And we still don't know the fall-out from the mortgage crisis.

Then came the news that Libya will consider cutting oil production - and there's speculation that the Fed may not raise interest rates until later this year.

Many analysts are now in agreement that the rate cuts during the past year have further weakened the dollar - which have sent oil prices soaring since oil is priced in dollars.

We are in for a very bumpy ride folks - so we all need to try and get as much cushion as we can