Thursday, December 04, 2008

He Can Haz Geography Lesson?

By George Jahn, Associated Press Writer:

"Oil prices have tumbled about 69 percent since peaking at $147.27 in July. But trader and analyst Stephen Schork suggested that the price decline had some ways to go before bottoming out, despite the arrival of the cold season in the U.S. and elsewhere in the Western hemisphere, which traditionally drives up demand."

I believe it is also "cold season" in much of the Eastern hemisphere-- at least, that part of the Eastern hemisphere which is also in the Northern hemisphere... such as Siberia... and Europe. And I'm pretty sure that Chile, despite being in the Western hemisphere, is not now in "cold season".


Post a Comment

<< Home