July 16 (Bloomberg) -- Crude oil fell for a second day, extending its biggest one-day slide in more than 18 years, as slowing U.S. economic growth reduces demand.

Believe in the power of supply and demand!

Increasing the supply will reduce the price, but so will a reduction in the demand for oil. Unfortunately for us, when the price falls we will begin to use more oil and prices will be high again. The only way we can keep oil low permanently is to reduce our demand... through (yikes!!!!) conservation.

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--jukenjab