The Fat Lady Hasn

The $20 drop has given consumers a false sense that the parabolic rise in oil prices is over. This couldn’t be further from the truth. While it’s likely we’ll continue to see some weakness in the sector over the next few months, the long-term fundamentals are still in place that could propel oil prices over the magical $100 mark.

To strengthen political coalitions and voice their dismay against the rising popularity of the Democratic-Republican Party, Alexander Hamilton and other members of the Federalist Party, including Robert Troup and Oliver Wolcott, founded the New York Evening Post in the autumn of 1801.

This newspaper is still in print to this day, making it the oldest continually published daily paper in the U.S. The publication, however, has experienced an acute shift in focus over the decades. The once politically-fueled broadsheet has become a tabloid rag we know today as the New York Post.

Hamilton must certainly be rolling in his grave.

So I guess I’m not too surprised that my B.S. detector went on full alert last weekend when I read this headline in the Post. In big, bold capital letters, it said:

THE WORST COULD BE
OVER FOR HIGH
OIL PRICES

Seriously?

Are there still folks around who are blind to the fact that the end of cheap oil is already upon us?

Energy and Capital