Oil at $90 per barrel
We've all heard about the possibility of $100 per barrel oil from the experts, but it seemed so impossible and so far away.....
Props to the AP for mentioning that the collapsing dollar is playing a part.
(And, just as a frame of reference, in March 2003, on the eve of the Iraq war, oil was $ 35 per barrel.)
Oil prices surpassed $90 a barrel for the first time Thursday as the falling dollar drew new foreign investors and speculators to dollar-denominated energy futures.
Props to the AP for mentioning that the collapsing dollar is playing a part.
(And, just as a frame of reference, in March 2003, on the eve of the Iraq war, oil was $ 35 per barrel.)
2 Comments:
I, for one, blame George Bush.
By Anonymous, at 10:34 AM
I don't think you're alone.
By mikevotes, at 1:13 PM
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