Oil prices are over $100 a barrel now, driving the Inflation Engine ever faster as commodity prices race to keep up with increasing costs of energy, raw materials, transportation and demands for higher wages to meet the increased cost of living.

The OPEC nations and other smaller producers like Venezuela see a decreased demand for oil in the Western Hemisphere, as winter warms to spring, and are increasing the price to maintain their high profits.

We, the sheep, will of course follow this with hardly a bleat. Ha ha, sheep joke: We won’t skip a bleat. Ha baaa ha. As our leaders run for the edge of the fiscal precipice we will faithfully follow. We will stand in line to have our wool shorn before the last winter freeze, trusting that we will not die of exposure. But if we do, hey, we’re only sheep.

Tags: oil, OPEC

This entry was posted on Sunday, February 24th, 2008 at 4:49 pm and is filed under Bleats. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.