Drama Can Be Good for the Soul

Take cliff diving, for instance.

…Take a look at this chart compiled by metalprices.com. It’s the price of a barrel of crude oil over the past 5 years.

See that big peak in the middle? That was the last oil spike, in the summer of 2008. Notice how the price hit a high point, then fell off a cliff afterwards?

The day corresponding to that peak, an all-time high of $145.16/barrel, was July 14, 2008.

By some strange coincidence, that was the very same day then-President George W. Bush lifted, by executive order, a federal ban on offshore oil drilling.

Of course, with soul-less No-Drama Obama at the helm, your dramatic end results may vary.

One Response to “Drama Can Be Good for the Soul”

1. Ave says:

   April 26, 2011 at 1:23 pm

   Damn speculators made the price of oil go lower?