Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Cogito who wrote (72418)	6/16/2008 8:25:20 PM
From: 8bits	Respond to of 542291

So why don't we stop blaming Congress who only call the oil companies to testify in order to be able to tell their constituents they tried to do something about high fuel prices. We..? I blame congress (and successive administrations) for being too free with my cash and indebting myself, my children and my grandchildren which have yet to be born. In my opinion oil prices and energy planning should take a backseat to the fiduciary duties of the administration and congress. Eventually the market will correct through conservation, battery power, solar power, wind, nukes, etc. However there will be a potentially ugly endgame for the unfunded liabilities and debt the US has been running up with a possible repudiation of our obligations either directly or more likely with inflation. When (not if IMO) the US dollar loses it's status as the primary global reserve currency, we will be looking at a different US. Commodity prices ebb and flow... but it's interesting to note that the last year the US was on a metallic standard (1964) gasoline averaged just under $0.30 a gallon nationwide. Those same 3 silver dimes would fetch around $3.75 today. Almost enough for a gallon of gas in Texas. coinflation.com