Thursday, July 3, 2008

Oil: Why We're in Trouble

Today we are in the same position we were in 1980, except there are no major fields left to be brought on-line.
clipped from

Dow's bear market run spells trouble for Wall St.

Wed Jul 2, 2008 11:49pm BST

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By Ellis Mnyandu

NEW YORK (Reuters) - With the Dow sliding into a bear
market on Wednesday, the dark days on Wall Street are far from
over, amid record oil prices, struggling consumers and the
never-ending credit crisis.

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