Monday, May 14, 2012

Oil Prices at 5-month Low

Can we blame oil speculators if oil is at 5-month lows? Or will Obama take credit for that? $$

You know, when oil prices go up, it's the fault of the oil speculators. President Obama says Presidents have no control over oil prices. Will he say the same as oil prices fall?

I doubt it, too.

The good news is that declining oil prices eventually lead to declining gasoline prices. This means that when you and I go to "filler' up," it will cost less and at the end of the day we will have more money to spend on other things.

Oil prices hit five-month low
CNN MONEY | MAY 14, 2012
Oil prices sink more than $2 a barrel to hit a five-month low as investors fear fallout from Greece and JPMorgan... Read more

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