Prometheus 6

Objective proof that the short term answer to high oil prices is conservation. And the long term answer doesn't involve oil at all.

Stocks Rally as Oil Prices Drop to a Three-Month Low
By MICHAEL M. GRYNBAUM

Oil prices dropped to a three-month low on Tuesday, and stock markets rallied to their biggest gains in four months, after investors cheered the drop in commodity prices and a statement from the Federal Reserve that suggested the bank would not raise rates soon....

There is...a broader sense among investors that the slowdown in economic growth will curb fuel demand around the world, pulling prices back to more reasonable levels. Oil prices have fallen about 17 percent in three weeks. Gas prices in the United States have dropped back below $4 a gallon. And the economic downturn has been worse in some countries than financial experts had anticipated.