Originally Posted by
Ottopilot
Notice how they post everyday oil goes up, but never when it goes down. "Sorry, we can't afford to pay you, but I'm giving myself another raise." -Jeff.
Actually, from the Daily Propaganda Update on May 5th:
Oil price has biggest one-day drop in more than two years
The price of oil had its biggest one-day percentage drop in more than two years on Thursday, The Wall Street Journal and numerous media outlets reported. Crude oil dropped nearly $10 to below $100, and numerous analysts and media outlets cited weak economic data from the United States and Europe, which have battered commodities markets all week.
After driving commodity prices higher for much of 2011 amid worries about supply shortages, investors now fear that high prices will lower consumption, according to the Journal. It noted that central banks around the world are raising interest rates and ending programs designed to speed up the economic recovery and also said that some policy makers are worried that high food and energy costs will threaten continued growth.
Despite those fears, the article said, commodity prices remain well above levels seen last year, and oil prices could still rise should unrest in the Middle East further disrupt production
Of course they just HAVE to add that last part in there. Obviously oil prices are volatile for almost no reason, but they can't let you forget they might just go up.