oil surges down (for now)

25 10 2008

If volatility speaks, alcohol would be a shame vis-a-vis the crude. That is, as far as prices are concerned.

Just a few months ago, the price of crude was skyrocketing every day for several weeks almost beating the 200 dollar per barrel mark, wreaking in effect a wordlwide concern over inflation and possible industrial – and economic – meltdown.

But now – but now! – the national headlines are bannering – in bold and capslocked letters – an oil surge down to as low as 60 dollars per barrel. How incredible.

Of course, there will always be explanations like the supply-demand kinetics or the cartel maneuverings. Unfortunately, they’re always late. The surprises have always been and sure will always be unexpected.

ps: Just speaking out