One immediate effect of the downturn in confidence following the banking collapse of Lehman Brothers was a sharp dip in the oil price.
Oil prices plunged below $93 a barrel on the day, reaching the lowest levels since February, on the prospect of weaker demand for energy amid a worsening global financial crisis in the wake of Lehman Brothers' bankruptcy.
Brent North Sea crude for delivery in October tumbled by more than $4 to $92.84 a barrel. Later in the week with even more banking and insurance crises rocking the US and Financial world, the price of a barrel of oil dipped below the $90 dollar mark.
The interconnectivity of global economics is brought into sharp relief. Chaos theory springs to mind too, with the flapping of slightly more than a butterfly wing, causing stormy conditions elsewhere.
The news that the pentagon are investigating a mushroom based fuel might also be a cause for oil prices falling, but Stalker seriously doubts that!
