January 26, 2007

Oil

You must have reveled with the news that oil prices have begun to tumble in recent days. Well, don't let us spoil the party (and you should still get rid of that car), but this is being influenced by decisions not on economic grounds, but on political grounds. Don't take our word for it, and go and research it yourself, but you should consider the greater geo-strategic picture. Overall, the oil price drop will definatley allow you to put away more money into the pay off your debt pile of cash, and perhaps you'll be out of it by November!

Article:

One trader is convinced that the U.S. and Saudis sealed a secretive deal on Iran when Vice President Dick Cheney met with King Abdullah in what appeared to be a hastily arranged summit in Riyadh in late November 2006. There have been lower-profile meetings as well that could have dealt with the arrangement.

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