Here in Florida we prepared for hurricane Fey to make landfall today. It seems that the whole state expected it to come through their area of the state. The storm touched down near the Naples Florida area and then was graded down to a tropical storm. I’ve been here in central Florida for the last six years. One of the reason we select this area was the fact that we are sixty miles from both the Atlantic Ocean and the Gulf Of Mexico. The worst storm we had to deal with was in 2004. This county has never had a storm come at it head on, but every time that a storm is announced to hit the state it seem that the city need to take precautions. They closed the schools for two days and most businesses are scaled back for the day.
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You are probably thinking why I’m talking about this. The reason is to show you how may people get easily spooked to news. It doesn’t take much for people to freak out when news comes out on any storm or other pending news break.
Same goes for the stock market, where when a storm is announced to possibly come through the Gulf of Mexico, the price of oil will climb. It’s also effected by pending doom of war. Why is it that when bad news comes in, the price of oil goes up almost instantly, but when there’s good news it takes some time to move downward.
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Crude oil started the day lower, after the storm missed oil installations in the Gulf, but later jumped over $3 per barrel because of the surge on heating oil futures. I stated awhile back that I believe that oil will go back up and will do it soon. Until we start drilling in our own country there will not be any real relief in prices. I’ve cut back on my driving, but there only so much cutting that one can do to save money. We still have a life and need to get around to do it.
As of right now, we need foreign oil to keep our country going, but that won’t be the case in a couple of years if Congress votes on this bill for drilling in America
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. The average price of gas is $3.73 (which is still too high) and people are considering this great that it’s not $4.14 per gallon. What will happen is that those people will start forgetting that the price of gas was $3 per gallon just last year and go back to accepting the price that it is today.
When the price of gas hit $4, it freaked consumers out that they cut back their driving. What we need to continue to do is pull back on the unnecessary driving and keep it up. The oil companies and Congress will freak out and have no other choice but to continue to cut the price of gas. Congress will see that we need to drill here and drill now.
If we can do that, it will also effect the markets in a positive way. After all, isn’t that what we want to happen. It would be nice to see the DOW climb back to around 14,000.

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