Archive for May 23rd, 2012

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What are they thinking?

May 23, 2012

Here’s a chart from Business Insider for the spot price of oil as of today (I believe). It highlights the fact that the price dropped below $90 per barrel for the first time since last October.

What are those silly oil speculators thinking? They’re driving the price down! And just before the peak driving season in the US?

Somebody ought to give them a clue.

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