Oil Sells At Over $100.00 Per Barrel

Cheney in the oil drum Image from The Village Voice.

Krugman in the NY Times:

A curious fact: a couple of years ago the firmly held belief of many right-wing economic commentators (why is this ideological? I’m not sure, but it was) was that the spectacular rise in home prices wasn’t a bubble, but that the rise in oil prices was.

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