PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: GROUND ZERO™ who wrote (697611)	8/22/2005 5:26:36 AM
From: JDN	Read Replies (3) of 769667

Not a chance, long before that happens the worlds economies will grind to a halt and we will have the worst depression in the history of mankind. Take Europe, due to their high taxes they are already paying something like $6 a gallon, if it goes to $10 in USA it will be $15 there. If a depression hits the world, China and India the two countries rapidly increasing their use of oil will no longer have the exports to support it and the demand for oil will drop precipitously. I believe roughly $3 a gal. is about all the USA can bear over an extended period before very negative things begin to occur here. jdn

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