While we haven't solved the Case of the Missing Oil yet, I do have an update, courtesy of a reader. Here is a recent Bloomberg screenshot showing it covering all bases, in a single headline screen attributing oil's prices change to both supply and demand:

In case people can't tell, I'm traveling and in meetings today. It's one of those days that Paul doesn't scale very well.

Be nice to yourselves and to the market, etc.

I've been pining for a better stock screener since Reuters shut down theirs and ruined 2007 for me. Okay, I exaggerate a little, but I was distressed.

Now, however, we have Google Stock Screener. And my first reaction? I like it. Lots of criteria to scan by, a nice interface, etc.

Biggest issues: Less flexibility about adding custom & calculated criteria than I'd like, no analyst recommendation data, and no ability to monitor the output for changes dynamically.

I know there are oodles of Google Finance people who read this, so listen up. Make the changes. You have a killer product on your hands.

The shorter Jamie Dimon from part two of today's Senate hearing on the JPMorgan takeunder of Bear Stearns:

• You people asked us to do this, so don't blame us.
• It was better for you than for us, because we saved capital markets for everyone.
• We could lose money on this, know. Really.
• We worked hard, even staying up late at night for a few days, pulling this deal together, so you have to think of the billions we'll make on Bear on an hourly basis.
• We think of the Fed's participation as skin in the deal. It's not risk -- it's upside!

Eye-popping traffic stats from Matt Drudge's Drudge Report in the just-completed March period.

THANKS FOR MAKING MARCH '08 THE BIGGEST MONTH IN THE DRUDGEREPORT'S 13 YEAR HISTORY!  MAIN PAGE LOADED 590,943,577 TIMES... TOPS MARCH 2007'S 425,371,511... TOPS MARCH 2006'S 287,443,312

Granted, Matt plays some page reload games, but this is still staggering stuff, especially the consecutive month and year-over-year growth. It's apparently still Matt Drudge's traffic world -- we just blog in it.

Quote of the day goes to JPMorgan CEO Jamie Dimon today talking about the original $2 price he offered for Bear Stearns:

The price didn't have anything to do with the value of the company.

Precisely. And you have to love the honesty.

NY Fed chief Timothy Geithner gave the most succinct explanation of what has happened in the banking industry of late. Read it twice. Or three times. As many as it takes.

It is important to understand that investment banks now perform many of the economic functions traditionally associated with commercial banks, and they are also vulnerable to a sudden loss of liquidity. Unlike commercial banks, which rely significantly on deposits for funding, investment banks operate according to a business model in which they fund large portions of their balance sheets on a secured, short-term basis in what is known as the repo market. Because the assurance of access to short-term secured funding on a daily basis is such a critical component of business functioning for these entities, they are vulnerable to the possibility of a sudden pullback in short-term lending, or a reduction in the willingness of investors to lend against certain classes of securities. [Emphasis mine]