100 days have passed since the devastating deluge of oil began to leak into the Gulf. 100 days of morning for the families who lost loved ones in the explosion,
Read MoreDrill Baby Drill…Or Spill Baby Spill?
Tag: Oil
$200 a Barrel Oil
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