September 10, 2006

...AND CHEAPER...:

Oil falls under $66 on improved supply picture (Neil Chatterjee, September 10, 2006, Reuters)

Oil prices slipped under $66 on Monday, adding to last week's slide on an improved U.S. supply picture and signs of easing tension over Iran's nuclear program.

Posted by Orrin Judd at September 10, 2006 11:59 PM
Comments

"easing tension over Iran's nuclear progam"

Because the west is backing down. oil prices will shoot back up when Iran hits Israel with a nuke.

Posted by: AWW at September 11, 2006 6:39 AM

AWW:

They'd actually drop, because that would bring greater stability. Iran has none though.

Posted by: oj at September 11, 2006 8:11 AM

The rationalizations are hilarious. I like fark.com's headline: "Oil slides to $66 on news of Trent Green's concussion".

Posted by: Mike Earl at September 11, 2006 2:49 PM
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