An Inconvenient Truth Means Very Convient Weather

It’s another balmy day here in our nation’s capital. The Post said it’s going to get up to 63 today. Here’s a cherry blossom from my back yard:

They’re about three months ahead of schedule. Warm weather is bursting out all across the East Coast. Barry Ritholtz said that he rolled top down the other day.
The warm weather is also having a big impact on the financial markets. Oil is down again today. The latest quote shows oil off $2.73 to $55.59 a barrel.
(By the way, whatever happened to the Goldman/Paulson/Oil plot to lower gas prices before the election? I thought that prices were supposed to go right back up.)
Here’s the February contract for light sweet crude:

Posted by Eddy Elfenbein on January 4th, 2007 at 11:40 am

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