Oil Prices
quote:
Fact # 3 - Our national government has been on a quarter-century binge of cutting taxes while increasing spending, then borrowing to pay the bills. Too many of us have followed our government's example on mortgages & credit card debt.
BINGO!....Well said....THAT'S the bottom line!
Plus, during their first term, Members of Congress represent their districts in Washington...After that, they represent Washington in their districts

05-30-2008, 10:00 AM
Nick CagleI guess it could be worse. I found this web site for gas prices around the world.
gas prices. Thank goodness I don't own a Barth in Sierra Leone, $18.43 a gallon. Venezuela (Caracas), $0.19 per gallon. And crude oil is suppose to be a world wide market???

Nick
06-06-2008, 02:00 PM
Jim and TereI think we have another factor to consider in oil prices. There are young, immature men and women on the floor of various stock exchanges bidding up the price of oil futures. They bid on pure emotion. Some guru somewhere says gas prices are going to be $4.50 by July 4th and in the past two days, the price of oil has gone up over $9 a barrel,something that has never happened before in history. And this in the face of falling demand. So, much of the price of gas is not based on the supplies that are available, or the demand for them, but on the wild #%@ guesses of some kids bidding up futures. Or maybe it's a conspiracy by traders to do the same and the bidders are doing just what they're told. Pretty hard to load that into a computer economic model
06-06-2008, 02:33 PM
devoloYou can bet that there's some old geezers down there helping out too (like me).