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Tag Archive 'oil'

The best comment I’ve read today about the oil/bailout stuff today is from badbanana on twitter: The price of oil has jumped a one-day record amount due to anxieties caused by the financial bailout designed to alleviate anxieties.

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Don’t interfere with the markets

From CNN on rising oil today: Recent data show high prices have led consumers to cut their gasoline consumption. Meanwhile, many Asian nations are cutting fuel subsidies, effectively raising prices, which is expected to further dampen demand. Artificially lower prices means people will use more of a commodity, driving up demand. And when there’s not […]

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