Ted Allrich is the founder of The Online Investor and author of the just released book: Comfort Zone Investing: Build Wealth And Sleep Well At Night. In this weekly column, he'll offer advice to investors who are just getting started.Oil is trading at an all-time high, almost $90 a barrel. Some experts see it going to $100 a barrel, maybe beyond. With increasing demand from China and India as their economies expand, the black gold is eagerly sought in every part of the globe. While the slippery stuff climbs higher, the price pressure is going to be felt in a lot of different areas.
Of course, you'll notice it in your wallet whenever you fill up your car or truck. We've already had some of the pain, but in Europe, a gallon of premium goes for about $8, so we've got a long way to go before other countries hear our screams. Expect to pay more at the pump for some time to come.
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