Environmental Capital provides daily news and analysis of the business of the environment. It tracks how growing green concern, particularly over climate change, is roiling established industries and spurring new ones – and how that shift is affecting investors, consumers and the planet.
Visit WSJ.com: Environmental Capital
Oil Falls: Crude Slips on Fears U.S. Economic Package Too Little, Too Late
Posted on September 30, 2008
The ink on the $700 billion bailout package isnt even dry, and the verdict is already in: It wont do the trick to save the U.S. or the global economy.Thats the reading from oil markets Monday, already in free fall. Crude futures fell 6% in early trading, and crude is now back to about $100. The thinking? The bailout package wont be enough to prevent the U.S. from slipping into recessionwhich means less demand for oil, thus lower prices. At the same time, as the U.S. economy gets a cold, the rest of the world is already reaching for its handkerchiefcurrencies like the British pound and the euro...
Original article link
Subscribe to WSJ.com: Environmental Capital