October 5, 2008

IF ONLY EITHER CANDIDATE WERE SERIOUS ABOUT CHANGE:

Oil could fall to $50 a barrel (Chris Stanton, October 02. 2008, The National)

Merrill Lynch has slashed its lower-end forecast for 2009 crude prices, saying in a report that oil could trade as low as US$50 a barrel – a level not seen for three years.

Such a collapse in prices would wreak havoc on many oil-exporting economies and derail efforts to develop alternative energy and tap crude from unconventional sources, analysts said.


Tie the recent gas spike to the central banks hiking rates and causing the subprime crisis and propose to achieve independence from the whole mess by taxing gas and you'd be talking change that people could see as patriotic and self-sacrificing.

Posted by Orrin Judd at October 5, 2008 10:19 PM
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