Ben Bernanke finally Gets His "Greenspan" Moment

Ben Bernanke finally got his Alan Greenspan moment, causing the highest single day drop in oil prices in 17 years just by opening his mouth. I hope he keeps it up for a few more days. Maybe I won't have to move quite as soon.

According to CNN, oil prices plummeted by the second-largest margin on record Tuesday as investors feared a further decline in U.S. demand after about decreasing U.S. demand from Federal Reserve Chairman Ben Bernanke.

Light, sweet crude fell $6.44 to settle at $138.74 a barrel in trading on the New York Mercantile Exchange.

The drop in oil was the largest single-day slide in dollar terms since Jan. 17, 1991, when oil fell by $10.56. On that day, President George H.W. Bush withdrew oil from the Strategic Petroleum Reserve ahead of the first Gulf War.

Here's to Ben's big mouth and overly exuberant moment in the sun, although it is highly doubtful the reduction will hold.