MSM Prophets Fail Again

Last summer, some MSM voices were saying gas prices were going to continue to rise this time around, because of increased demand from China and India and a world-wide refining shortfall, remember? Hmmmm:

Oil prices briefly slipped to their lowest level in 5 1/2 months Wednesday as warm weather persisted throughout the U.S. Northeast and supported expectations that U.S. oil reserves are sufficient for the winter.

Analysts suggested the downward trend would continue in the short term, pointing out that over the past three months, the market has seized on a series of developments that support the rationale for cheaper oil.

After touching a low in Asian trading of $55.72 _ a level not seen for a front-month contract since June 13 _ light sweet crude for January delivery was down 34 cents at $56.35 a barrel in electronic trading on the New York Mercantile Exchange by midday in Europe.

In London, January Brent crude futures on the ICE Futures exchange fell 18 cents to $54.14 a barrel. (source)

Also from your frieindly MSM bubblehead: Things are going badly in Iraq and global warming can be stopped if we'd just stop driving SUVs.