Thing$ Going North $$: Oil - a sticky subject

First, I’m going to say something that will go right over your head.

“April (2010) became the first month since October (2009) when the front-month contract traded continuously above $80.” (May 1, London Free Press)

Let me say it another way. Oil (ppb $86.15 US) hasn’t been in the $70 range for awhile. Oil prices are going north.

Second, because of a growing oil slick south of us, prices may go norther, if I can say such a thing. And I believe I can.


["Keep schmilin' anyways"]

“US crude oil imports may slow as oil-tanker traffic is delayed in the US Gulf of Mexico, investment bank Goldman Sacks said in a note to clients.”

So, Mr. Goldman is out of jail, passing notes, and because Canada is a close and personal friend and neighbour of the US, our wallet will likely notice these changes in oil prices.

Start saving for the tough times ahead.

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