Crude oil continues it's unfettered march upward. It is currently at $62.50.
Update: My first post on this blog had stated that oil would double, perhaps triple in value over the next year. After roughly one month, the price has increased per barrel by $6.96 or 8%. At that rate of increase per month, we have a 96% increase in cost in the next year. It looks like everything is on track.
Edited for appearance and labels on 3/1/2010.
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