Image courtesy of movie lover via flickr
This sign had a bit of a mistake in it, but we were all over the panic over high gas prices, noting "we've long heard analysts warning of impending price hikes; and with crude hitting record highs this past week, $4 a gallon by the summer certainly seems likely."
-oh, for the good old days; today the Associated Press writes: "As recession saps demand, a world awash in oil."Chris Kahn writes for AP:
It's been less than a year since oil prices hit record highs. But now producers and traders are struggling with the new reality: The world wants less oil, not more. And turning off the spigot is about as easy as turning around one of those tankers.
What a difference a year makes.