I hope thats a tongue in cheek comment, because the idea of people thinking innocent people dying is ok if it brings the price of oil down, frankly sickens me.
Yes, but just look at the graph. It topped over 140 dollars per barrel at the summer, I said it already, it's cheaper than it has been in over a year! It doesn't instantly show at the local fuel station, but it's starting to. Of course, dollar is now stronger than few months back, so it could also make fuel a bit more expensive for us Europeans.
Point is, you really don't have a reason to worry. Running around like that, thinking that the world is going to end is one of the reasons we are going in to a recession at the moment.
I am aware of how the market works, but I was using the mindset of a Sun reporter, so I had to sensationalise things to sell more copies and with members of OPEC pushing to get production rates cut to inflate the prices I guess I could run around like a headless chicken. We'll never see fuel prices drop to the level they were before the prices picked up as they never go down as fast as they go up so I'd say we'll see the price falls dry up and get ready for a rise.
The only way out of a recession is to spend your way out of it, but everyone is thinking "oh no, recession, save your money, stop spending."
Eh? We're paying almost triple that here (Although recently it has come down to around the €1.20/litre mark) Godamn you BIFFO, you promised to fight this recession!