Posted by MoparNorm on Tuesday, October 03, 2006 at 1:37PM :
In Reply to: Ok, now the $60,000 question posted by Chris Davis - UT on Tuesday, October 03, 2006 at 1:15PM :
...the "Global Warming, we're all going to die crowd" warned that as many as 18 major hurricanes would hit the US this season. To date a grand total of ZERO have hit the gulf and the season is nearly over, so the anticipated back-up stockpiles were not needed, summer is winding down, oil is at $59 a barrel and dropping.
Short version: increased supply, decreased demand, it works everytime.
MN
Follow Ups: