In Limbo

I'm not quite sure how many different puns and angles I'm going for with this title, but let's find out. The first thing I thought of was 'How low can you go?': the main line for a limbo line. Gas prices have continued to go down, and some people are wondering how far they will fall, I predicted they would drop to $100 by the end of the year. When I started saying this two months ago, I was called crazy by many, and now I'm looking better and better. The NY Times even went as far as to say that they might fall to $70 (I'm not willing to go that low).

The other pun, that of being in limbo, is considering how the prices of oil are virtually unaltered by the conflict in Georgia. No, I don't mean Jimmy Carter's home. I mean the small nation that used to be a member of the USSR. When I told my roommate that I thought Russia was going to attack Georgia as one of the first steps towards global domination (I really did say that) I didn't know that Georgia has gas and oil pipelines into Europe. Knowing that makes the recent conflict there even more apparent, but I'm getting off topic. I'm surprised that our market is so... what's the word I want, fatigued that we don't even get scared by the thought of the shortage anymore. Six months ago an attack on Georgia would have sent prices into the, well, $150 range. Not so surprising to us now, but then it would have been. It's good to know that after a few months of endless fear-mongering even stock market traders have to take a break.