May 3, 2006

GOTTA LOVE A MARKET THAT'S SURPRISED BY THE EFFICACY OF MARKET FORCES:

Oil prices plunge as US gasoline stocks grow, but Iran worries limit falls (AFX)

Oil prices fell sharply, reversing their earlier move earlier towards record highs, after US inventory data showed a surprise build in gasoline and crude stockpiles last week.

Posted by Orrin Judd at May 3, 2006 6:23 PM
Comments

They only people who are surprised that high prices cut demand, thus increasing the available supply, causing prices to fall, are mouth-breathers, Senators, and reporters.
Oh wait - they all the same group?

Posted by: Mikey at May 4, 2006 8:43 AM

The "mouth-breathers" are claiming that the oil companies are lowering prices in fear of public outrage.

Posted by: Joseph Hertzlinger at May 4, 2006 1:30 PM
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