Crude oil has fallen $10/bbl during bike week! Bike week must be working! It’s true that getting 2% of folks to ride would have a downward effect on energy prices. Having followed markets, it is usually small changes that alter market sentiment. Hence my illusion to Bike week dragging down energy prices. Sadly, making more riders wouldn’t have the same effect as getting everyone to cut down their car use by 2%. How would you do that? How about driving home the point that just about everyone wastes money and soils the environment by idling their car? The city of Boston has a flyer that reports idling our car for more than 10 seconds with gas at $2.00/gallon waste’s money. So at $2.85/gallon you’re wasting money after about 7 seconds, so no matter what your plans when you pull up somewhere TURN OFF YOUR CAR! Getting back to commodity markets, we also noticed that cotton has hit a 10-year high… Fine wool is up 50%. It must be all that fancy bike-wear. So what’s happening with the price of spandex? Is it stretching new limits? We think it might be…
