Friday, December 05, 2008

Oil Prices Back to Normal...

The markets closed today with a barrel of crude oil going for $40.81 and the national average for gas @ $1.77/gallon. This is back to December 2004 levels (which is right before things starting going a little fishy with the market manipulations in January of '05).

But we all know that that market can fluctuate again, and OPEC nations like Iran, Venezuela, Saudi Arabia, plus the market speculators, as well as the Russia/Georgia/Ukraine situation could very easily bring oil and gas prices back up to obscene highs. Which makes this bit of information about the Democrat-controlled congress and the Obomination Administration very troubling.

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