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Politics : View from the Center and Left

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To: TimF who wrote (71309)	6/9/2008 7:41:18 PM
From: Cogito	Read Replies (4) of 543182

Tim - Obviously, high oil prices benefit oil producers. The question is, then, why do you have the Saudi government saying that there is no reason for the current high price of oil? By the way, are you sure that gas prices are not at a high, in terms of inflation-adjusted dollars? I seem to recall reading several months ago that we were approaching that threshold. And prices have risen substantially since then. I realize that what you actually said was that we are not at a historic high in terms of percentage of income spent on oil. I'm not sure what you mean by that. Do you mean as a nation? - Allen

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