Monday, June 9, 2008

Weekly Update: 6/9/08

Interesting article in the NY Times about the effects of $4.00 gas on low income rural workers.

So, is this peak oil, or are things just messed up due to instability in the Middle East?

There is also reports of speculators flooding the oil market (all the money that used to go to housing and the stock market had to go somewhere). Does this mean oil is the next bubble?

Costs for the week:
More bike maintenance: $7.98 for new handlebar grips.

More money to the CTA: $20

Total for the experiment (since April/08): $91.02

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