Daily Archives: August 8, 2005

BULLS & BEARS, FEAR & LOATHING

It’s only a coincidence that President Bush signed energy legislation into law today as the price of crude oil nearly touched the heretofore unthinkable $64-a-barrel mark at one point during futures trading in New York. Perhaps that’s why the president announced what everyone already knew as he put pen to paper. “This bill is not going to solve our energy challenges overnight,” he warned in Albuquerque, New Mexico just before signing the bill.

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