Thursday, September 15, 2005

High oil prices to last?

High oil prices to last?

Looks like the utility companies are expecting the price of oil to drop in the future. Has anyone noticed how all the companies are currently advertising their “price freezes”…well, if you think about it, it makes perfect sense. If the price of oil does drop over the next few years, and the freezes occur after the prices have already been increased (which they have) then the utility companies are out to make a killing. If the price of oil doesn’t drop, then they could lose a bit of money but probably not very much!

I’m such a cynic…

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