Monday, June 16, 2008

What Me Worry? 400% Inflation in 10 Years

CNNMoney.com reports that Saudi Arabia is concerned high oil prices will eventually dampen the world's appetite for oil.
Really? No kidding.

Although the move by Saudi Arabia may provide some short-term savings -- especially since much of this price increase is based upon rampant barely fact-based speculation -- a small dip in prices will not deter the march toward alternative sources of energy.

In other CNNMoney.com news: Honda rolls out fuel cell car.

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Monday, April 07, 2008

Oil Prices Drop, Gas Follows ... or Not

This morning I read on CNN.com that oil prices have dropped considerably since Friday.

So, of course, I saw a change in prices at the pumps on the way to work.

No.

Wait ... what?

That's funny because when I read a story about the price of oil going up, the pumps always show an immediate increase.

Nah, those gasoline folks aren't unethical scum. Not at all.

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