11-09-2005, 07:47 PM
|
#6
|
|
Registered User
Join Date: Feb 2004
Location: RI
Posts: 5,705
|
Quote:
|
Originally Posted by spence
It probably dropped so quickly for a few reasons.
1) Speculation that the hurricanes would do tremendous damage to the refinery and distribution infrastructure caused it to spike, but damage was less than expected.
2) The oil industry realized it had a massive PR problem and worked prices down quickly so as to avert political disaster.
-spence
|
Wonder which reason?  |
|
|
|
|