Saturday, November 12, 2005
A NUMBER TO WATCH
FoxNews summarizes the continuing slide in crude oil prices in a piece published yesterday:
http://www.foxnews.com/story/0,2933,175269,00.html
The last paragraph of the story is especially worthy of note:
"OPEC's reference crude basket price dropped to $51.30 on Thursday, the latest available number, only just above the $50 a barrel level that OPEC ministers have said they would seek to defend."
$50 a barrel. That's the new "floor." Dead reckonnin', that makes my gas price, which tends to be higher than the national average, somewhere around $2.50 a gallon.
We best get used to it.
http://www.foxnews.com/story/0,2933,175269,00.html
The last paragraph of the story is especially worthy of note:
"OPEC's reference crude basket price dropped to $51.30 on Thursday, the latest available number, only just above the $50 a barrel level that OPEC ministers have said they would seek to defend."
$50 a barrel. That's the new "floor." Dead reckonnin', that makes my gas price, which tends to be higher than the national average, somewhere around $2.50 a gallon.
We best get used to it.
