bikermike wrote:Let's not forget the European countries that have $10 gas is because of taxes that pay for free healthcare and dirt cheap tuition.
What would you rather do, pay $10 a gallon for gas or $7,000 a year for healthcare and $30,000 a year for college tuition?
I'd take the $10 gas any day of the week.
Oil, its traded in dollars called petro-dollars. Dollar weakens in price, oil goes up and vice versa. Middle east and Russia does not want to except dollars any longer. This means that our USD is trash. We have dollar crises. With inflation out of control. I believe the last GDP stated that we had 3.3% growth in the economy... complete bull. The CPI index which they use to calclatate inflation does not include energy and food (like we don't eat and drive). On top of that they used a CPI index of 1.1% meaning the goverment stated we have inflation rate at 1.1%.... now, this is true manpulation of the market.