Sag Harbor

Crude oil surged to $77.02 a barrel in New York, 1 cent short of a record close, after a government report showed that the U.S. economy grew more than expected in the second quarter, indicating fuel demand will rise. The economy expanded 3.4 percent last quarter, the fastest pace in more than a year. The U.S. consumes 24 percent of global oil production. The International Energy Agency said on July 13 that world oil demand will rise 1.8 percent next year. The Organization of Petroleum Exporting Countries hasn’t raised output to keep pace with growing consumption.

This is just proving how much more we need to focus on things like biofuel.  People making minimum wage have to work a half an hour to be able to afford a gallon of gas, and that is just sickening.