'Oil Bust' Headline Makes a Good Punch Line

This is important stuff, so I call up the local paper and tell them that I want one of their stupid little reporters to come over for my news conference so that I can tell the world what is happening. The little receptionist asks, "Is this The Mogambo?" and I proudly say, "Yes, it is!" Then, suddenly, the line goes dead! So I call back, and the same little receptionist asks, "Is this The Mogambo?" and I proudly say "no!"

Then she says, "Is this about inflation?", and I say, yes, it will impact inflation, and before I can say another word, she says, "It's you, you Stinking Mogambo Idiot (SMI)!", and hangs up again!

So, if you never read in your newspaper how inflation is going to kill all of us, especially inflation in the price of energy, then blame the stupid little receptionist.

Oil prices are determined by traders speculating on the future supply and demand of the product. Their best guess right now is that there will be more demand than supply.