Weekend Linkage – July 11, 2009

Do you know exactly one year ago on this day, July 11, 2008, crude oil price climbed to its all-time high of $147 a barrel? Today you can buy a barrel of oil at less than $60, 60% lower than its peak. Oil price dropped like a rock since reaching the peak last year, bottoming around $30 at the end of 2008. But since March, oil rebounded strongly amid investor enthusiasm  about a quick recovery of the economy. Only a few weeks ago, oil price broke the $72/barrel mark. However, recent economic data (June unemployment report, for example) showed that a full economic recovery is “a ways off”.

Historical Oil Price

Weekend Readings

Carnivals

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7 Responses to “Weekend Linkage – July 11, 2009”

  1. Matt Jabs |  Reply Jul 11, 2009 at 11:01 pm

    Thanks for the link… I appreciate it.

    Per the economy, for what it’s worth I think any recovery is much farther away than most realize (or want to admit).

    So what’s the answer? I don’t know… but I suppose I will just continue to work toward greater self-reliance, and health… physically, emotionally, spiritually & financially. And work to do my part in my sphere of influence. :-)

  2. FFB |  Reply Jul 16, 2009 at 8:38 pm

    Thanks for the mention!

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