Oil Below $95!

I thought I would never see this again, oil below $95 a barrel. The price of a barrel dropped more than $7 in morning trading. Mainly because investors are scared of what’s going on in the U.S. Markets and with Ike. For the time being it looks like Hurricane Ike did less damage than expected. What is going on around us and in the world is really hard to put your harms around. We’re in a real global economic melt down with no real relief insight. World stock exchanges are down across the board with some down over 50%. And with all the U.S. banking problems things are only going to get worse. Now that the Lehman Brothers company filing for bankruptcy protection the only other question is, who’s next?