the old normal

This article postulates that a sharp drop in oil prices is attributable to consumer demand changes. But does this actually make sense? Weren’t speculators to blame only a week ago? Does anyone have any clue as to what’s really going on?

The good news, i guess, is that people seem to be driving less. Of course, this turns out to be bad news for our roads. Talk about policy unraveling in the face of crisis. This isn’t over, folks. I’ll try to keep you, dear reader, posted on the latest insanity.