Oil Price Drop – CNN.com Gets it Wrong (Again)

http://money.cnn.com/2008/08/04/markets/oil/index.htm?postversion=2008080412

The fall in oil prices since mid July has nothing to do with demand, tropical storms, Iran, offshore drilling, etc. and everything to do with the June 24/25th and July 16th fed meetings where an interest rate hike was mentioned.  As originally seen on BccList.com here

Oil and gas prices are only going to get “better” especially if the fed actually makes a move to hike the interest rate.  We can only hope.

The L’s Got Talent

Last night, on the way home from Lollapalooza, the trip got entertaining enough that I almost didn’t get off at my stop.  For real.

About 45 minutes into the 1 hour commute, the below dude started spitting some verses – his own while tying in some 90’s east coast rap.  His boom box was a Treo.  Yes, a Treo cellphone.  Regardless, by the time I got off the train, he was receiving standing ovations from nearly everyone after each rhyme.  That’s saying a lot seeing that most people on the L prefer to ignore everything.  There were a few shouts of “Damn – Kanye needs to open for you!” Et cetera.

No joke – really good…I wish I would have gotten his emcee name. But, I assume he’ll be “found” soon enough…