Oil prices almost touched $75 a barrel the other day and may continue to rise. The expected decline in the dollar could contribute to future increases in oil prices. The recovery in Europe may also weaken the dollar relative to the Euro. At the same time natural gas prices have slid to $2.80. The state of the American economy is partially responsible for low natural gas prices. Increased discoveries of natural gas will also help to contain long term price increases.
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Jim Sutliff