Oil = $81

Friday, October 10, 2008 | 05:25 AM

Wow!  As the markets crater, Crude Oil has really gotten shellacked -- down about 40% from the peak in July. 

While the SPX too a full year to lose that much, this has been 4 months:
>

November Crude Oil Futures
Oil_nov_08
via Barcharts

Friday, October 10, 2008 | 05:25 AM | Permalink | Comments (18) | TrackBack (0)
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Comments

it's called Ramp n'Crash.

'Peak Oil' is a hoax. It, and its GHG-induced AGW fellow-traveler are apiece.

An excuse to add more Choke Points to our Economy, and more points of control on our Society.

Posted by: Mark E Hoffer | Oct 10, 2008 7:06:44 AM

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