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Oil Down (Yet) Again

$15 per barrel in 3 days.  Simply stupefying, since it's been made so plain to us that measures like these won't yield price reductions until at least 2017.

NYMEX Light Sweet Crude Oil    
Oil

I wonder if this instantaneous market reaction to expectations of incremental exploration has anything to do with those evil speculators who are always conspiring to impoverish us with their efficient futures markets...

Previously:  Oil Down Again

Handcrafted by Flip on July 17, 2008 |

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