Friday, July 25, 2008

Oil Prices

According to NYMEX, light crude oil is down to about $124. That is $2.50 less than yesterday.

As my office mate Bob jests, gas will be free in 100 days if this market trend continues. It won't. But there is a good chance Caplan wins his bet with Cowen and Balan. Anyone interested in a side bet? Comments open.

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