Manage your energy price risk next year

摘要

THE headlines this morning speak of 100 dollar crude oil. It's enough to make one yearn for the good ol' days of 12 dollar crude oil and 1 dollar retail gasoline; actually the good ol' days weren't that long ago: 1999. The world can change a lot in afew short years. World demand has skyrocketed, led by China and India and quite a few other less developed countries. It is amazing how once people around the world begin to earn a little extra money they want to cook better food and drive a car. China's economy grew by more than 10% in the last quarter. Asia, with its large population, is an economic sleeping giant waiting to rise and shine.