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  • From: bob ford <bobford79 AT yahoo.com>
  • To: homestead AT lists.ibiblio.org
  • Subject: [Homestead] Oil bubble burst
  • Date: Fri, 10 Oct 2008 19:30:08 -0700 (PDT)


October 10, 2008, 3:02 pm
The Official Demise of the Oil Bubble
Posted by David Gaffen


On Sept. 11, 2007, the price of crude oil closed at $78.23 a barrel — the
last time oil closed below $79 a barrel, until Friday. What seemed like a
bewildering ascent in the price of crude at the time is now a relief to
traders, who watched oil fall $8.98 a barrel to close at $77.61 on the New
York Mercantile Exchange, the lowest closing price in more than a year.
............ ..................


http://blogs.wsj.com/marketbeat/2008/10/10/the-official-demise-of-the-oil-bubble/







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