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It may, or may not interest you to know that “Pong,” the first video game was introduced 39 years ago in 1972...
For those of you not familiar with the game; it was merely a matter of electronically bouncing a white dot back and forth until you missed. Fascinating stuff at the time. Bouncing back and forth is exactly what has been happening over the last two weeks with attention switching from the truly horrific, frightening and tragic ongoing events in Japan, to the mysterious and annoying military activity in North Africa, to the even more inexplicable political posturing in the US. The purpose of this weekly report is to give you our perspective on the possible short to long-term trends in transportation fuel prices. The earthquake, tsunami and potential nuclear meltdown in Japan has been painful to watch and has caused radical movements in crude oil and diesel prices; the reasons being as follows…
By: Roger McKnight, Senior Petroleum Analyst
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