| $100 oil
Early in January oil broke $100 a barrel and then fell back. Then it broke the $100 barrier one more time and fell back but last week it really went up.
Profit-Taking Pulls Oil Back From $103
Oil Retreats After Topping $103 As Investors Sell to Lock in Profits; Diesel Hits New Record
It's stayed over $100 a barrel for several days now and is currently at $101.84. You can follow the excitement at 321energy.
You can even buy jewelry celebrating this historic occasion.
Black Crude
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In November 2007, Design Glut announced that when and if crude hit $100/barrel, they would produce
100 limited-edition Crude Necklaces in black. These necklaces would be a symbol of the end of cheap fossil fuels. The pieces were also intended to create a historical marker, so that one day, when you are charging your electric car with your children, you can say, "I remember when crude hit $100."
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thanks to Wendy Greenleaf
Maybe celebrate isn't the right word. |
