Thursday, July 17, 2008
Oil prices are falling! Oil prices are falling!
Check out this AP story written by Business Writer Tim Paradis. Oil prices are continuing to fall for a third straight day. Consumption of oil based products is lower and is probably also being affected by selloffs by speculators trying to reap the largest profits before the price falls to far. In my opinion, oil prices will continue to fall and if we are all lucky some of those speculators will lose a lot of money. Don't get me wrong. I don't want your average man to lose a lot of money, but some of those speculators do this all the time and deserve to take a fall. Unfortunately, we will not see a drop in prices at the pump for some time but there will be relief in the future, THAT at least is something to look forward to.
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