by Larry Lagarde

According to a story published today by the Reuters news service, world demand for crude oil is so high that prices will double before leveling out. A respected senior energy fund manager that was interviewed for the story (former Investec Asset Management chairman Tim Guinness) predicts that prices will climb to $150/barrel before 2010.

Naturally, this is bad news for commuters that drive long distances; however, as Montague Bicycles reminded me on Monday, oil prices affect virtually all aspects of the economy. Higher crude boosts the cost of producing & transporting goods from agricultural products to computers and even folding bikes...

Chances are that the current prices for folding bikes are the lowest you will ever see. If ever there was a time to get a cool yet useful bike that gets you where you need to go and folds compactly when not in use, that time is now! Order one today.

Oil price can hit $150 before 2010 - Investec

Labels: bike-prices, energy-pricing, inflation