Tuesday, January 20, 2009

Oil Falls Below $34 Amid Excess Supply

I'll note this here so that in a year or so $34 dollar a barrel oil will seem strange.

Or not. I still think oil will go on the rise - it will in a few months in anticipation of the increased summer demand. But while it's low, it's better for everyone than any government stimulus plan. Enjoy it while you can.

(While we in Oklahoma suffer. Well, the long-time oil and gas folks have been through this before. They'll weather what should be a short-term drop in prices.)

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