September 8, 2005

YOU'RE SOAKING IN IT:

Oil slips after inventory report (CNN/Money, 9/08/05)

Oil futures fell as low as $63.10 a barrel Thursday before rebounding, after a report showed a smaller-than-expected drop in petroleum stockpiles following major disruptions in the wake of Hurricane Katrina.

Posted by Orrin Judd at September 8, 2005 1:16 PM
Comments

Oh Madge!

Posted by: pchuck at September 8, 2005 1:48 PM

I can get primo gas at $3.18-9 in greater Chicagoland, falling like rock.

Hope the shorters are losing theirs.

Posted by: Sandy P at September 8, 2005 3:32 PM

And thus ends any chance that Matt Simmons would win his $100 a barrel bet.

Posted by: H.D. Miller at September 8, 2005 4:27 PM

reduced refining capacity in the US – a major factor in the price of gasoline – is no accident, but instead has been engineered by the oil industry.

That's where I stopped reading.

Posted by: BMN at September 8, 2005 4:55 PM
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