Gasoline prices have plunged. So why is no one cheering?
Gasoline prices have fallen $1 in a month and more than $2 since the all-time high in June. Motorists are collectively saving billions at the pump, cash that would have generated fresh legs for the economy in better times. Full Story »
Posted by Derek Hawkins
One wonders how much of the previous price of oil was due to demand and how much to Wall Street speculation in oil. If it was Wall Street, they have "got theirs" now. A Gaia enthusiasts would say that the world has acted to kill an organism that was giving it a feaver. The Gas guzzling American car. Ford, Christler and GM are poised on a precipice. It is time for a great leap forward.