Tuesday, July 31, 2007

Oil QUIETLY closed at a record high today

The last time oil was anywhere near this price was last August when many were justifiably concerned that Israel had lit the fuse on what could explode into World War 3 in the middle east. And now with very little attention from the media, oil has quietly surpassed this former high. I looked for a mention of this on the major news web sites just now and found hardly anything. This just stuns me when I think about the vital importance of oil to life as we know it.

Why is the media whispering about something so important? Could it have anything to do with their dependence on advertisers who would like their customers to believe everything is just fine? Any thoughts?

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