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Thursday, May 10, 2012

Oil and gas prices have been slipping as of late.


Ok I have decided to make an independent story about the price of oil and gasoline. Apparently there has been a sharp decrease in the price of both said commodities. This articel via CBS news reports the fall somewhere between 5-6%. And likewise this article from the Huffington Post also credits gas and oil prices have fallen well below their February high.

Both articles credit it with going below a $100 a barrel for the first time in about ten years as this graph depicts, compliments of the zfacts.com website:
graphic depicting current prices of motor fuel in the USA


It is a shame to me that we do not invest in technologies such as the Thorium LFTR technology which would give us total energy independence!

2 comments:

  1. It's worth noting that gas prices began to drop, and avg. of 14 cents so far, after Obama threatened to go after the speculators responsible for the artificial increase in prices.

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