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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: GROUND ZERO™ who wrote (697611)8/21/2005 10:26:48 PM
From: ManyMoose  Read Replies (1) | Respond to of 769667
 
I'm not betting against it, but I will not be driving much at that price.

Message #697611 from GROUND ZERO at 8/21/2005 10:07:34 PM

Prices will stabilize at around $10.00 to $12.00 a gallon...



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