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Blogosphere January 19, 2007Crude continues slide, Saudis not alarmed
The barrel price of crude oil has fallen to under $50 — well below this summer's $75 all-time high. Spurring the latest decline was a statement by the Saudi Arabian oil ministry that OPEC needn't cut production further to prop up prices. - JS | ABC News | Business Week |California citrus crop on ice
A record-breaking cold snap has decimated nearly 75% of the Golden State's citrus production, at a cost of $1 billion. Prices for oranges are expected to skyrocket, though some analysts predict that Florida's strong harvest will buoy the market. - JS | BBC | Lakeland Ledger | |
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