Dennis Deery

Does this make sense?

May 31, 2007

“At 10:14 EDT, CBS affiliate KOTV (Tulsa, OK) reported that a lightning strike had caused a fire at an Oklahoma refinery–sparking a flurry of excitement among energy traders and boosting U.S. crude prices 40 cents.”

Does it really make sense to base so much of an economy on such a volatile market? With the oil market in such unstable shape, we’re really just waiting for the disaster that shoves things over the edge.

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