Stocks Fall Sharply on Surge in Oil, Jobs Data
Sorry to bring th bad news, but we're doomed!! The media is probably encouraging people to be frightened and I'm going to go along with them and throw more oil on the flames. Our economy is tanking and there's nothing anyone can do to help it. Not George W. Bush, Barack Obama, Hilary Clinton, John McCain, or Paul Pierce who can heal himself.
My eariler post talked about how gas could reach $6 dollars. I'm thinking that could happen by the end of the year. The news just seems to be worse and worse, and mass media is telling everyone. This could result in less people buying stocks and consumer goods and the problem will get worse in a cycle. Well good luck.
It's obvious that the oil prices are going up because OPEC is refusing to put more oil in the circulation. This is a way for the government to get back at the West for all the things done to them without making it seem intentional. I'm not fooled by this, but I bet many people are. What needs to be done is tough talk and if need be, military intervention.
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June 6, 2008 11:44 PM
It will be pretty rough on America if gas reaches $6 a gallon. It's already hurting us now. I am pretty nervous to see what the outcome will be. I can only hope that someone, some leader, will be able to make a change. You made some really strong and valid points.
http://mightywright.blogspot.com
June 7, 2008 10:28 PM
I am not worried because I forgot what it is called off the top of my head but its fuel from corn is an increaseing trend
http://alwayslistentome.blogspot.com/
June 8, 2008 1:12 PM
Wow...not very smart. Ethanol is even worse for the economy. I'm going to make a post about that.
June 16, 2008 11:53 PM
Oil price hike happening because of the changes in the market and the tension happening in between countries. This will come down once the economies are stable in the sense of growth.