Oil prices tumble as talk of 4-day work week soars

Oil prices fell $4.41 a barrel to $126.62 Thursday as Reuters and wsj.com published stories about how employers are offering to help employees cut their commuting miles by putting them on 10-hour days and 4-day work weeks.

The move toward four-day work weeks is just another example of how the markets are working. Soaring prices are causing consumers to look for ways to use less petroleum-based products, and the speculators are taking notice and taking profits.

I know, what speculators? We’ll know how much speculation is in the market when the current correction bottoms out.

The question for speculators today is, what will pop the bubble in oil prices. A $10 correction, or a $50 to $60 correction?

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