Or so the thinking (and Congressional hearings) goes until prices suddenly collapse throughout the fall, bringing oil down to about $37 a barrel. The culprit this time? Softening demand amid a reeling global economy. So much for thinking fundamentals don't matter. -- By Steve Hargreaves, CNNMoney.com staff writer
What do you think was the year's Dumbest Moment in Business?Join the discussion now.
NEXT: Jobs' 'greatly exaggerated' death