Keeping a jaundiced eye on the corporate media.
Some good news:
AP-Forecasts for warmer weather in the U.S. helped push oil prices below $60 a barrel Monday, and traders said there was also some focus on an OPEC official’s comment that the cartel had “more than adequate” excess production capacity to meet this winter’s expected global demand.
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Well it’s a nice thought from OPEC, but I don’t buy it. We might make it thru this winter, but don’t expect prices to come down (ever) as low as they were. Oil production is past it’s peak and nothing is going to change that.
Time to insulate your house! And upgrade your furnace.
Thank goodness for global warming, aeh?
I agree with Phil. If OPEC says the sky is blue on sunny days, confirm it for yourself.