Hello??? If oil hits $240.00 per barrel, who besides Bill Gates, Warren Buffet, and the Bush family will be able to put more than 1/2 a gallon per week in their car? If oil even remotely comes close to $240.00 per barrel, the games over. Oil must drop well bellow $100.00 per barrel to at least $50.00-$60.00 per barrel and stay that way for more than just a few months if our economy is ever going to realize any stability and healthy growth. Whoever lives in the White House for the next 4-8 years must do whatever is necessary to keep oil prices stable at a reasonable price. Very high gas prices will hurt our economy way beyond our worst fears.
Reasons to Love 3-Digit Oil [View article]