Tuesday, January 20, 2009

Don't get hit on the head...

by falling crude oil prices. As stockpiles of the black gold increase due to falling demand, among other market forces, the price dropped below $33/barrel this morning, down from the record high of ~$140/barrel during summer 2008. Interestingly, oil is significantly less expensive than bottled water right now!

Given this dire economic circumstance, perhaps the major oil companies will need a bailout from the federal government?

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