Thursday, June 12, 2008

Cheaper Oil

The greatest thing to come out of [the Iraq War] for the world economy, if you could put it that way, would be $20 a barrel for oil. That's bigger than any tax cut in the any country.

-- Rupert Murdoch, Guardian newspaper, 11 February 2003, when oil sold for $34.53 per barrel (it's $134.31 today)

No comments: