signs of an ever shrinking world

Cheaper gas = higher stock prices. The oil price has been falling due largely to shrinking demand. Much of the slash in demand is stateside in origin. Americans are reacting to the rising prices by driving less.

CNBC reports that "U.S. drivers have turned to public transportation and shortened trips in response to high gasoline prices, a major factor in oil's drop of more than $31 a barrel since hitting a record over $147 per barrel last month."

I thank the American citizenry for reducing their time behind the wheels of their gas guzzlers. Not really because it boosts stock prices but mostly because its better for the environment. But yeah, it has a nice effect on our stock prices and I like that too.

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