$100 a barrel oil: Bad for Wall Street, good for green cars
Tuesday, March 8, 2011 - 18:01
in Mathematics & Economics
Is there a huge difference between $100-a-barrel oil and $98 oil? Obviously not much, but it's a psychological barrier. So when West Texas crude oil prices dipped below the magic $100 mark on a recent morning, Wall Street responded by sending stocks up a bit. Oil certainly isn't cheap, they said, but it's not as low as it can be.