Oil Price could hit $200 a barrel

Just when we thought oil prices were dropping they rose by a record $15 yesterday. Now experts are saying that the $200 barrel could be with us sooner rather than later.

Things are looking rather bleak with the Credit Crunch, the collapse of the Banking System, hikes in Energy prices, damage to the Environment, massive increases in Food prices and the ever upwards spiral of petrol prices.

Where will it all end?

Our pupils just now might think this is boring and doesn't affect them but in a few years time they will be looking for jobs, trying to buy their first home and even maybe be bringing up young families. Then they will realise the impact of the last few weeks events and perhaps ponder the thought that the world is currently heading towards the worst economic recession since the Wall Street Crash of 1929.

As the saying goes: "Sad, but true".