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« $44 an oil barrel? Next, Exxon Mobil will need a bailout | Main | 1974 and today: A recession can make surrender too easy »

December 05, 2008



From Iranian TV:

OPEC: Get set for oil shock and awe§ionid=3510213

jj mollo

The plummeting price is, among other things, a frightening indication of the bad state of our economy. How much softness of demand does it take to make the prices drop like this?

The big problem with these low prices is that people like T. Boone Pickens are now losing support for their approaches to alternative energy. Who wants to invest in these things if oil is cheap?

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