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I am not ashamed to admit I don't get the whole economic picture, nor am I knowledgable enough to talk politics. I just have one thought that keeps going 'round and 'round in my head...why does it seem that all h*ll broke loose with the economy when oil prices started to tumble?
Any correlation there? I thought we were on a "gold" standard but now I'm thinking we somehow switched to an "oil" standard when my back was turned. (or when I was busy visiting fun forums!)
Just had to get this out there!
I am not ashamed to admit I don't get the whole economic picture, nor am I knowledgable enough to talk politics. I just have one thought that keeps going 'round and 'round in my head...why does it seem that all h*ll broke loose with the economy when oil prices started to tumble?
Any correlation there? I thought we were on a "gold" standard but now I'm thinking we somehow switched to an "oil" standard when my back was turned. (or when I was busy visiting fun forums!)
Just had to get this out there!
I am not ashamed to admit I don't get the whole economic picture, nor am I knowledgable enough to talk politics. I just have one thought that keeps going 'round and 'round in my head...why does it seem that all h*ll broke loose with the economy when oil prices started to tumble?
Any correlation there? I thought we were on a "gold" standard but now I'm thinking we somehow switched to an "oil" standard when my back was turned. (or when I was busy visiting fun forums!)
Just had to get this out there!
CNN's Wolf Blitzer reported today, full oil tankers are sitting off our ocean coasts. why? demand is down, people are driving less. price of oil is down.
what's going on?
Big oil companies are waiting for oil prices and demand to rebound, then they'll be releasing crude oil supplies to refiners, at higher prices.
The Associated Press: As recession saps demand, a world awash in oil
presently, crude oil is trading at about 40 bucks a barrell, down from 147 bucks a barrell not too long ago.
so, why isn't gasoline $1.00 a gallon? big oil companies and refineries want to make money off of you and me.
this is capitalism at it's best, screw the consumer!
Petrol-Dollars.
Petrol down - Dollar down.
Dollar down, print more dollars.
Petrol down, print more dollars.
Print more dollars, dollar down.
I been down so long, it looks up to me.
Good answer,
American economy is highly dependent on the price of oil, because most products in the US are transported by trucks.
For whatever reason, around 2002-2003 (I'm guessing Bush had something to do with it) the dollar started losing its value, meaning that we have to pay much more for the same amount of oil.
Good answer,
American economy is highly dependent on the price of oil, because most products in the US are transported by trucks.
For whatever reason, around 2002-2003 (I'm guessing Bush had something to do with it) the dollar started losing its value, meaning that we have to pay much more for the same amount of oil.
Why would a guy whose family money is in oil try to drive the price up?
Answer:Because he's a selfish S.O.B.and was more worried about his family getting a few more million dollars then the country having an easier financial time heating their homes.
This is also why ALASKA and Palin are in alot of trouble.Oil is the life blood of the Alaska economy. In a few months are the republicans going to be able to say how she is such a great politician when their economy nosedives like no other? Goodbye Palin!
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