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It has plummeted nearly 40% in just three months, from about $147 a barrel in July to below $83 on Friday, with no obvious bottom in sight. If that sounds good, you are probably a driver who winces these days at filling your gas tank. But the downward spiral could mean trouble for oil-rich countries and for the environment.
Originally posted by 44soulslayer
However I think that the short spike of oil into the 150s and the associated pain that came with it will be a clear wakeup call to business. Alternative energy sources will be tapped in the hope that oil will spiral up once again.