The World According To PTK

The AP reports today: "Benchmark crude fell as low as $49.75 a barrel on the New York Mercantile Exchange, levels last seen on May 18, 2005, when oil hit $46.80 a barrel." Oil for less than $50. That happened fast. Four months ago it was $147, so it's fallen by about two-thirds in a very short amount of time. Also, unemployment hit a 16-year high last month, and the four-week average is at a 25-year high.

I recommend the public radio show On Point , and public radio in general. Check out these world energy consumption statistics from the Energy Information Administration -- Official Energy Statistics from the U.S. Government.