The price of a barrel of light, sweet crude oil is almost $95.
Inventories fluctutate, as do currencies. But the real supply of oil and the world conditions affecting it haven’t really changed in quite some time.
This is all about trading, and has nothing to do with the real value of an actual commodity.
So what changed? And why the seemingly sudden leap?
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2 responses so far ↓
1 Omar // Oct 31, 2007 at 9:19 pm
Is oil the new gold? A buffer against the severe drop in US currency?
2 Allen McManus // Nov 1, 2007 at 10:17 am
I purchased my 16th pair of Rockports on October 19,2007. I have always trusted them and have found them to be comfortable as well as affordable (I am a Diabetic). Anyway i purchased a pair from the Shoe Department (RockPort AAPM10211D/Port) from the Shoe Department. I attended a Convention in Florida. I put them on around 4:30 Pm, by 8:00pm my heel was burning. When i took them off around 8:30pm I had a big blister on my heel. The problem was i only had my sandals and the Rockports, needless to say i work my suit with the sandles the rest of the week. My foot is just now heeling. My question why can’t i trade these for another pair or get my money back? I cannot wear these shoes.
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