Thursday, February 21, 2008

Welcome to From the Barrel, a blog dedicated to the energy industry

Thanks for checking in on the first post for FtB. It's late Thursday 21 February, and crude dived down over 2 bucks on the NYMEX today, following two consecutive settles over $100. It seems this $100/bbl is just the next level, and each headline seems to either push it up or down, like a roller coaster. Or better yet, like the Showcase Showdown on the Price is Right. You know, where the guy gets an extra grand if his price hits $1.00. If a barrel spikes $100, traders and brokers get like an extra $1,000 from Bob Bar---Drew Carey, I mean. Ridiculous.

The market will keep spinning, businesses will keep running, Americans will continue to commute to their office over 20 minutes away, sometimes an hour. Nothing is going to happen overnight. The supernova will not kill us all.

Calm down, lets all get on the right foot. Maybe both messages from the environmental crowd and the industry honks are right. How about we come to a compromise? When was the last time you heard someone say, "Tell you what, I think I am right, and you think you are right. Let's just call it a truce and work together."

Back to the History Channel.

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