Oil Gushes to over $100 a barrel

Crude Oil rose to a record $100.10 a barrel as speculation brewed that OPEC is preparing to cut production when it meets next month. Oil is fast becoming an issue as serious as Gloabal Warming and Climate Change. Those familiar with the term Peak Oil will know that many believe we have used half of the world's oil reserves. With demand increasing it is believed that we see demand outstrip supply leading to further price increases and increased conflict. See P for Peak Oil on The Green Centre A - Z to understand a little mote about the future of oil.