I think the oil prices will change with a new president that doesn't own oil wells in Kuwait, and Saudi Arabia.
They can talk til they are blue in the face but only an idiot would believe that when they are making record profits that they can not bring down the price of their product.
We always get this razzle dazzle, like the ones we got for going to war with Iraq. They told 934 lies in connection with the war. But no one believes the oil companys would lie about this. While they are making more money then they ever have before. Someone is lying?How High would Oil Prices Have to Go to Destroy America?
It's already happening. The price will continue to go up. There is an excuse every day: supply worries, terrorist, President Ahcmanneedajob farted. It will continue until demand goes way down, and then prices will decrease.
Edit: Acyberwin, that all depends on whether you have investments in the oil market in your 401(k).
It's already happening. Compliments of Bush. With evey penny increase it'll get even worse
Doesn't matter. America is here to stay.
Oil would become part of the commons before it destroys America.
it may have allready gotten there
give it a few months
Every company that ships something will have to continue passing the increased cost to the consumer to maintain the same profit margin. However, higher prices will affect consumer demand, leading to either higher prices yet, or the company going out of business, which will lead to high unemployment which will reduce the amount of taxes gathered.
Add into this irresponsible actions by the Federal Reserve that continue to destroy the value of the dollar causing horrible inflation, and you can see we are already on this runaway train.
Nothing that trades publicly like oil will ever destroy the nation by going higher... The higher it goes, the more your 401(k) is worth...
wow, what do they teach you in the Liberal institutions?
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