oil plunges by more than 8 a barrell, page-39

Have to agree with MC Camma
I think oil will have a floor of $95-100

For a bit of interesting reading google Iranian oil bourse (IOB)
What would be the consequence to the world (US in particular) if oil was traded in Euros not US dollars ?
US would be screwed me thinks, a total meltdown of the US dollar and a financial crisis that will make the current crisis look like a teddybears picnic.