Oil reaches $109 a barrel

http://money.cnn.com/2008/03/11/markets/oil_prices.ap/index.htm?cnn=yes


When I saw this article it makes me thik about how much Oil we consume. The thought that oil could reach $120 a barrel wouldnt help anyone when you factor in the rsing cost of food and falling real estate prices. I think that rising oil prices might not be a bad thing, it allows to explore other fuels that dont harm the earth or deplete the earth of its fossil fuels. I wouldnt be suprised if gas reached $4 a gallon causing people to explore other alternatives. I think that the media portrays the rising oil prices as an entirely bad thing, it isnt, more and more companies are offering "green" vehicles allowing more options on the market for families. I have no doubt that soon alternative fuel vehicles will be mass produced.