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Wednesday, October 22, 2008

Oil Falls to 16-Month-Low $66.75 a Barrel

New evidence of sliding demand for fuel pushes the price of crude oil futures below $67 per barrel, a level last reached in June 2007. Oil prices have fallen more than 54 percent from crude's all-time high, reached in July.

How Bad Could a Recession Get?

Some economists say the nation's economy contracted from July to September, and many expect it to continue shrinking through the first half of 2009, resulting in a despression. How bad could a recession actually get, and how can we get out of it. I think Obama can help and may be our answer!