Ever notice how the business pages talk of the price of oil 'plunging' when it drops even a bit? When its currently a third more expensive than six months ago, and likely to go higher (traders, those stout and worthy fellows, bid it up for the most trivial of reasons), I don't think a 1.9 percent drop, from $90 a barrel to $89.25, means all that much. 'Plunging' means, oh, a thirty or forty percent drop.
The scary part is, there will come times, and relatively soon, when they say 'remember when oil was less than a hundred dollars a barrel'?
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