Hmmm. As crude oil falls to below $59 a barrel, pressure shall obviously be taken off of consumer wallets. However, let’s see what happens to the price of oil when Barack Obama fulfills his promise and withdraws troops from Iraq prematurely, thereby plunging that region back into anarchy.
Crude oil fell below $59 a barrel in New York for the first time since March 2007, and gasoline tumbled, on speculation the International Energy Agency will cut its 2009 oil-demand forecast because of slowing economic growth.
Posted by PUMA Pundit
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