Thursday, October 16, 2008

Vindication

I just read an article about oil prices. The report cited oil trading today at one point below $70.00/barrel; less than half what it was trading at merely three months ago. The report cited a downturn in demand and an increase in supply as the reasoning behind falling oil prices...didn't I say several months ago that if we demanded less oil that the prices would drop? I believe that I did! Now, I am being proven right and I will go on to say that if demand for oil creeps upward again and people don't permanately adopt the changes in driving habits that they have begun during extremely high pricing that oil will again go up and prices at the pump will follow. Again, the only way to see lower energy prices is to demand less energy. It really is that simple.

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