Oil surges back over $130 per barrel

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In what CNN reports as the biggest dollar jump ever, oil prices shot up today to over $130 per barrel and closed at almost $121 per barrel.  This is a huge increase over last week.  Part of this is due to the falling dollar and the concern about the current economic situation.  Part of it is residual effects from recent hurricanes.  Part of it is violence (think Nigeria, not just the Middle East and Georgia) and disruptions in oil-producing parts of the world.

 

Regardless of the cause, this just strengthens the argument I’ve been making.  You don’t want to have your family’s economic well-being tied to energy prices.  And the best way to avoid that risk is to make your home more energy-efficient and use less energy.  Whether you do it yourself or have GreenHomes do it for you, act now.

 

-Mike

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