From what i see the higher the barrel price, the lower our economy seems to drop. Do you all think that it will ruin the US?Do you think oil prices will ruin the U.S. financially if they keep rising?
Probably not. Believe it or not, the economy is slowly rebounding. I am not saying it's great, but we've had so many bad things happen to our economy in the past, it seems unlikely that high oil prices will do us in. As a matter of fact, Canada, England, Japan, France, and the U.S. just met up a few weeks ago to discuss ways to restrengthen the dollar due to fear that the Euro may grow too strong and throw the world econoy out of whack. When the plan goes into action, the pressure on the economy should be alleviated.Do you think oil prices will ruin the U.S. financially if they keep rising?
The real question is if the middle class and the working poor will be able to survive the high prices of energy. The rich will make out like bandits by investing in the oil futures market, driving the prices higher and higher. With their profit , they can afford the higher cost of food, gas, electricity, cheaper value of the dollar (inflation) The middle class will cease to exist, and will become the working poor, and the working poor will become the welfare class . The businesses and corporations will enjoy the benefits of a large increase in the labor pool, driving down wages even farther, increasing their profit margins ever higher. This is happening because of a corrupt and ineffectual government that is contributing to the problem. I fear we are rapidly reaching the point that nothing short of wholesale changes in our government will save us from the greed that is running rampant through out our economy. Big oil, oil speculators, corporate greed ( no profit margin is large enough) and lobbyist that control our politicians for the benefit of special interests groups that care nothing about the average American , but rather the profits of their corporate masters. we need a third party to represent the needs of the average American. We have no one to represent us!
that seems to be the general idea
oil isn't just for gas, it's used for many products
why doesn't the govt use the stock-piles of oil it's sitting on?
%26amp; the financial situation is going to get worse -
http://www.lookingglassnews.org/viewstor鈥?/a>
The USA has been financially ruined since the erection of the Federal Reserve.
Ruin? Ruin? it takes our freedom to move about.. and yes it will put us in a depression.. since we are already in a recession..
they already have.
Yep, you nailed it dude, our country will sure go down. :=(
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