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  Oil prices are monthly average import prices at the refinery. Notice that the first OPEC crisis, cut oil imports in half. The economy responds to price dramatically, but it takes about 5 years to really get going and 10 for near full effect. Prices in Feb. 2009 dollars.
 
 
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Cap-and-Trade bill this year?  Maybe Not !
There's quite a shoot out going on between the cap-and-traders, championed by Environmental Defense for 20 years, and the carbon-taxers led by James Hansen, the top climate scientist (Gore's adviser) for 20 year. Check out this free PDF eBook: Cap-and-Trade Secrets   (No sign-up. Small and quick.)
 
 
 
  Good sources for more oil information:
Barron's Market Data Center Commodities and Futures Overview.
Barron's Market Data Center: Cash prices
 
 
 
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http://zfacts.com/p/196.html | 07/03/09 23:32 GMT
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