| “Higher Oil Prices Threaten Global Economy” – AP, March 10, 2011. This may be a headline of the distant past, but it was written at a time when crude oil traded just above $100/barrel. In fact, on March 10, 2011 crude oil ended the day at 102.58.
Oil above 100 usually captures the media’s attention one way or another. Some outlets consider it a sign of a strengthening economy, others a stone around the neck of car-driving consumers. Interestingly, this time around, 105 oil hasn’t tickled the media’s reporting need yet.......................................Full Article: Source
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