Light, sweet crude. This market term for oil is somehow endearing, hearkening back to a time when Hollywood glorified oil men. Wildcatters striking it rich and Jed Clampett moving his family to Beverly … Hills, that is. There was an everyman’s face put to the image of oil wealth.
Oh, how times have changed.
As of today, oil has peaked to an all-time high of more than $122 dollars a barrel as worried traders start buying on what they think the future will hold, whether it be increased demand (see China and India) or decreased supply (see OPEC). And as
$200 a Barrel Oil
