A forum to discuss, contemplate, post, complain, laugh at and understand economics and the economy and its effect on people of my generation. You know what, I'm pretty much gonna start talking about everything, nobody is reading this anyway.

Tuesday, January 09, 2007

Oil takes a tumble

Some good news on Oil is always nice...

http://biz.yahoo.com/ap/070109/oil_prices.html?.v=10

Lower temperatures has increased inventories of crude oil and lower usage of heating oil in the Northeast dropped oil futures trading by over $2.00 a barrel in afternoon trading yesterday...

The economy is undergoing a correction to inflation as base metals and commodities go down. This will lead to some lower prices and may stimulate growth again, either that, or soften the impending disaster of the housing market.

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