Crude oil futures settled down 4.6 percent at $81.84 a barrel, the biggest percentage drop since November 2012 and the lowest settlement since June 28, 2012.It's too bad The Oil Drum (peak oil) is not around any more. We will run out of oil some day (or simply move to an alternative before we run out of oil) but not in my investing lifetime and not in my physical lifetime. Not in my daughters' investing/physical lifetimes either. I'm not even sure our granddaughters will have to worry about "peak oil."
Pages
▼
Tuesday, October 14, 2014
WTI Crude Oil Price Collapse -- Closing In On $80 -- Lowest Since June, 2012 -- October 14, 2014
Link here.
It's funny how they closed that thing down and ran away. What a bunch of nuts. Won't face up to being wrong.
ReplyDeleteYes, it's too bad they didn't last at least until now.
Delete