2.29.2008

Oil hits record high, dollar record low, but irony holds steady at normal

Oil traded at $103.05 in Asia earlier today.


The US Dollar index hits a record low.


But where irony is concerned, just more of the same.



Bush told reporters that in order for the use of renewable sources of energy - such as corn- and switchgrass-based ethanol - to become widespread, the country needs to increase domestic oil production and build new refineries.

[From Bush promotes tax cuts, domestic oil and gas production - Feb. 28, 2008]


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