PODCAST: Romney's '47 percent' and oil prices
Tuesday, September 18, 2012 - 09:39 David Calvert/Getty Images Republican presidential candidate, former Massachusetts Gov. Mitt Romney addresses the crowd at the 134th National Guard Association Convention at the Reno-Sparks Convention Center, September 11, 2012 in Reno, Nevada. The morning mystery: What going on with oil? Mid-day yesterday oil prices dropped three dollars in about a minute -- and they have kept falling ever since. So far today they're down another quarter percent. Was this a computer error -- or someone's "fat finger" on the button, as they say. Or is oil falling for a reason? Far out in the future, the context changes even more as oil wells start to dry up. A few researchers and entrepreneurs in Texas see a chance to recycle old wells and create plenty more energy. FedEx says the declining global economy will eat into its profits for the rest of the year. FedEx is down more than 2 percent in early trading. Huge sales of Apple's iPhone 5, though, might lead to good news ...
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