I WORK IN THE OIL AND GAS INDUSTRY.IN JAN-FEB'08 THERE WAS A...

I WORK IN THE OIL AND GAS INDUSTRY.

IN JAN-FEB'08 THERE WAS A RECORD NUMBER OF CONTRACTS(5300 APPROX)TAKEN OUT ON THE FUTURES MARKET OF THE NYSE BETTING THAT OIL WOULD REACH $200 PER BARREL BY THE END OF THE YR.
SO FAR THIS LOOKS LIKE IT MIGHT COME TO FRUITION.

THIS ALL OF A SUDDEN MAKES BIODIESEL VERY FINANCIALLY VIABLE AS PETROL AND DIESEL BECOMES TO EXPENSIVE AND FOOD CROPS/JATROPHA BECOMES RELATIVELY CHEAP.

NFL WILL BE PRODUCING BIODIESEL BY THE END OF THE YR AS A RESULT OF THIS.

OIL IS BECOMING SO EXPENSIVE DUE TO 2 MAIN REASON DEMAND OUTSTRIPPING SUPPLY THANKS TO CHINA AND INDIA'S INSATIABLE NEED FOR OIL AND TENSION IN THE MIDDLE EAST AS THERE IS TALK OF A WAR BETWEEN THE USA AND IRAN.