Well, I always thought that technology is a very powerful tool but didn’t have even the slightest inkling that just a little misinformation can cause so much of havoc. A story on KOTV online version erroneously ran that an oil refinery in Tulsa, Oklahoma has caught fire. The story further elaborated that lightning has caused the fire. As an impact of the story world oil prices started to soar like never before. It increased the crude oil price by 40 cents. By the time the TV station realized that they are misinforming its reader and presenting wrong facts, it was too late as by then it had created havoc in the oil market. Explaining the impact of the story a Houston-based oil trader asserted: All it takes is a screw-up on a website to move the market. It just goes to show how tense this market is. There is also one more reason of such a high impact of this story that is the unprecedented problem which U.S. oil refinery is facing. Source: ITPRO