Oil prices cause of Financial meltdown?

Does anyone else feel that the high oil prices caused the current financial meltdown? Or was it these so called day traders?Oil prices cause of Financial meltdown?
It's the systems fault, not a product. The credit system loaning a person money via credit then judging their worth by a number system is the first flaw. A poor infastructure due to low internal spending leads to poor road systems, water/waste facilities and public school quality. Greed from companys not wanting to pay American wages send work over seas to get away with cheap labor robs us of our jobs and we lose our ability to pay back our debt and circulate money back into the system. During all this people who are above the ';rat race'; with higher income or statue grow rich off of our turmoil and labor. It goes to a certain point then the economy exhaust itself, saturated with product and material that cannot be supported or bought by we the people. So you have millions of new cars sitting on the car lot not moving because the average persons income is less than 20k a year and the price tag says 45k, nobody in an economical pinch can possibly go that far out on a limb and since there is no purchasing the car manufacturer takes a blow then ask for a hand out from the government despite the fact if we were to get a handout we might be able to buy the vehicle and inturn help not only ourselves but the auto industry. The problem lies in pure ignorance, the people who run the county come from millionare households and do not know what it is like to be a common person living on minimum wage, since there is a HUGE gap in interest and understanding we'll never see a better place for you and me, just for them.Oil prices cause of Financial meltdown?
The financial crisis, has very little to do with spike in oil price in 2008. The cause of the financial crisis will lies some longer back. It was caused by a bubble in housing prices which had been started already back in 2003. The bubble was in turn created by too easy access to mortgage loans, a low interest rate and lack of proper oversight. A collapse was bound to happen sooner or later, it was just a coincidence that it happened just after seeing the highest oil prices ever.
I don't think so. jobs tied to sales are always susceptible to slow times.


so are high paid jobs like masons. no one can afford to pay 38 dollars an hour for 52 weeks a year.