Insanity, importing $100 oil

Snowman66 · #1 (**permalink**) 03-20-2008, 08:50 AM

The mess we are into becouse our resurces are locked up.

Today in Investor's Business Daily stock analysis and business news

**sevenmalards** · #2 (**permalink**) 03-20-2008, 09:13 AM

IDK, That article had liberal undertones all over it.
We are paying $100/barrel because of the now huge demand from China, Korea, India, etc... We aren't the only big kid on the block who wants it. The Arabs see it, and raise the price accordingly. Just like the construction industry got hit with HUGE spikes in the cost of steel, cement, etc... a few years ago...those prices haven't gone down, even though China's "3 gorges" dam is complete.

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode

Remove Advertisements Sponsored Links
Powerstroke.org Advertisement