After the meltdown on Wall Street this week, the news that Oil Prices Return to $100 Territory seems like a ho-hum announcement in relation to that. The high price of oil is still significant, and likely will have at least as big an impact on the world economy as the meltdown, but it can’t compete with the sheer terror of seeing the global financial market seize up to the point that the U.S. government needs to swoop in and buy up hugh chunks of the financial market in a fire sale.
Smart People I Know 