Oil Prices Hysteria

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Why the Hysteria Over Oil Prices Is Overblown

When the storm hits, it's all we can think about -- especially if the power goes out. It can seem like an eternity, and can obliterate any pre-storm memory. This sounds eerily similar to the oil price tempest we are in the middle of right now. Today's price seems like the only reality, except that the plunge is still on. Are we going to survive this thing? Can we ever expect a return to calm? Dial in to the news, and you'd be tempted to think not. It's natural that storms bring about their own brand of myopia, but that's when experience should make us wiser. And we all have a lot of that to draw on.