Here I was, happily writing this week’s PlaneBusiness Banter when one of our subscribers dropped me a note with this headline: Another Day, Another Oil Record.

That’s what I get for being buried in earnings call transcripts.

But yes, folks, the news is not good.

The price of light crude closed at $117 today in after-hours electronic trading. At the close crude ended the day at $116.69.

Happy weekend.