Hey Ya'll,
Remember how, a little over a week ago, a portion of the Alaskan oil fields were shut down to conduct repairs on the pipeline? At the time pretty much every news outlet (at least that I saw) was predicting doom, gloom, and rising oil prices. Speculation prices did rise - but not by very much and certainly not for very long. In fact, today we get the news (see article here) that oil prices have reached what is an eight-week low due to robust oil stocks and the expectations of declining demand as we reach the end of the summer. The price (and supply) of oil continues, as always, to be driven by demand. Scare tactics based on mistaken economics bother me.
Oh, and in other news... I'm done with my field exams! Two three hour exams on subsequent nights.
No comments:
Post a Comment