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oil

Crude Oil’s Down Again!

Friday, August 8th, 2008

Crude Oil’s down another $5 per barrel so far today, which puts it about $32 below the high set last month.
How low will it go?

The Power of Suggestion

Wednesday, July 16th, 2008

President Bush mentions the need for offshore drilling and the price of oil reacts:

Sure, the drop in prices is probably temporary but I like what I’m seeing so far.
According to the article I read in yesterday’s Houston Chronicle, President Bush’s lifting of the ban on drilling is largely symbolic because congress has its own moratoriums [...]

WSJ Editorial: We Can Lower Oil Prices Now

Thursday, July 3rd, 2008

I read a very interesting opinion piece in the Wall Street Journal titled, We Can Lower Oil Prices Now. The author of the editorial is Martin Feldstein, who was chairman of the Council of Economic Advisers under President Reagan and is a professor at Harvard and a member of The Wall Street Journal’s board [...]