THIS IS THE DIRECTION OIL IS GONNA TAKE FOR THE NEXT YEAR UNTIL IT HITS $45:
OIL IS GOING DOWN.
PEAK OIL IS BS - JUST LIKE AGW.
THE WORLD HAS MORE THAN ENOUGH OIL.
THE NYTIMES/AP: Energy Prices Continue Slide Despite Weather
Not even another winter blast for much of the country could stop energy prices from sliding again on Tuesday.
Crude, natural gas and heating oil prices fell even as below-average temperatures were forecast for much of the eastern half of the country through at least the end of the week. Natural gas prices were off by nearly 4 percent.
Cold and snow from before Christmas into the first part of January helped drive oil prices to a 15-month high earlier this month as homeowners from Chicago to Florida cranked up their thermostats .
But even though huge stockpiles of natural gas and heating oil are being whittled down this winter, supplies are ample.
The recession has crushed demand for electricity and natural gas by companies that make cars, steel and appliances. Many utilities have reported industrial consumption was off by as much as 15 percent to 20 percent last year.