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286 comments on DrumBeat: July 14, 2008
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286 comments on DrumBeat: July 14, 2008
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GAIA Host Collective
"Perhaps they know they will produce half a million barrels less next year, therefore demand will be half a million barrels less. "
LOL. rimshot!
I read demand to equal consumption. Consumption will be down because that is all they can produce.
I have a hard time with all of the "demand" statements I read, for that reason.
WaMu and National City plummet
Shares of the two troubled banks each plunge about 30% as investors fear the possibility of more bank failures.
http://money.cnn.com/2008/07/14/news/companies/washington_mutual/index.h...
What will bank failures do for oil investments?