January 3, 2008

$100 A "Barrel"

Oil-$100 Reuters had to reach back a ways for this one, but i think it was worth it.

The caption reads:

A motorist holds a fuel pump at a Gulf petrol station in London in this April 18, 2006 file photo. Oil vaulted to a record $100 a barrel on January 2, 2008 as geopolitical turmoil, tight energy stockpiles, and a weak dollar triggered a flood of speculative buying, dealers said.

“Triggered.”  Clever.

… But maybe, more like a hold-up.

(image Luke MacGregor/Reuters.)

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Michael Shaw
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