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Spread this message with Digg, Del.icio.us, Reddit, or Stumbleupon, and subscribe to the RSS Feed to track articles Crude Oil Prices Drop $9 In Two DaysE-mail - editor@economyincisis.org |
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After record prices of crude oil reached more than $145 a barrel during the July 4th weekend, oil prices have quickly descended, down $9 a barrel in two days, according to CNN Money. The U.S. remains the world’s top-consumer of crude oil, consuming 25 percent, while China remains second with India close behind. The adjustment made by Americans to reduce consumption of oil – while China and India increase consumption – has clearly made positive changes in the world market prices. This is a positive glimpse into the future, providing hope we can alter our behavior to curb our addiction to oil. Source CNN Money:
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