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Unformatted text preview: ECON 202 example of article journal entry This is an example of what 1 article entry in your journal would like Jacobs, Stevenson, AP Business Oil prices down a buck as bailout talks continue, Seattle Post-Intelligencer, September 26 th , 2008 http://seattlepi.nwsource.com/business/1310ap_oil_prices.html By STEVENSON JACOBS AP BUSINESS WRITER NEW YORK -- Oil prices fell just over $1 a barrel Friday as a U.S. financial bailout plan remained stuck in legislative limbo, raising investor worries that the economic crisis could deepen and further erode domestic energy demand. Crude's fall erased some of the previous day's gains, though prices have largely been in a holding pattern as oil traders await resolution on the stalled the $700 billion rescue package. "There's really no impetus to push things higher or lower. The market is simply waiting for guidance from the bailout plan," said Jim Ritterbusch, president of energy consultancy Ritterbusch and Associates in Galena, Ill. Negotiations continued Friday to revive the White House-backed initiative, a day after talks broke down in heated disagreement over the scope and cost of the unprecedented government intervention. The measure would remove billions of dollars in bad mortgages and other risky assets from banks' balance sheets in a bid to calm frenetic financial...
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This document was uploaded on 01/25/2012.
- Winter '08