EVEN WHEN HISTORY HANDS THE UR HIS MOMENT..:

Oil Prices: Down and Heading Lower: Weak global demand has more than offset the impact of the biggest oil spill in U.S. history (Mark Shenk, 7/01/10, BW Magazine)

The worst oil spill in U.S. history was not enough to prevent crude oil prices from falling nearly 10 percent over the past three months—the first quarterly drop since 2008—as the sluggish world economy kept a lid on demand. With growth expected to remain weak, prices may keep moving lower through 2010. "Getting out of the worldwide recession was always going to be a long slog," says Adam Sieminski, chief energy economist at Deutsche Bank (DB) in Washington, who predicts oil will average $65 a barrel in the third quarter and $70 in the fourth.

...he's incapable of seizing it.

Posted by Orrin Judd at July 2, 2010 5:17 AM