December 8, 2010

Did You Notice This

Crude oil is going for $90 a barrel. Remember in 2008 when it topped $100 a barrel and 89-octane unleaded cost over four dollars a gallon? Yeah, that looks like it's about to happen again.

Happy Holidays!
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Libertarian Advocate said...

I do remember it very well. I contend that $150/barrel oil was the proverbial straw that broke the back of the R.E. market and triggered the collapse in the financial markets.

So just how is it that Obumbler's very recent 5 year drilling ban is supposed to induce an economic recovery?

Libertarian Advocate said...

Oh, BTW, here in CT, unleaded 87 octane is already at $4.09 at one Shell station in Stamford.