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kickyoubutt
How many of you believe this is true?
We have been closely watching this oil chaos, and it is becoming clear that high fuel prices will be the most important issue in the upcoming presidential campaign. Our enemies now realize they can wreck the U.S. economy by creating hysteria in the oil market.
Listen to this: It costs Saudi Arabia less than $2 to produce a barrel of oil. Less than two bucks. Last week OPEC charged $138 for that barrel.
Simply put, if the escalation of oil prices continues the world will go into a steep recession, perhaps a depression.
Salaries in America can't keep pace with rising fuel prices, and every little ding in the world causes speculators to bid up oil prices. We're paying 4 bucks a gallon now. Next year the price could be much higher.
8 AnswersCurrent Events1 decade agoHas anyone heard of the "Global Poverty Bill"?
I just heard about it today here is a link what do you think about it.
4 AnswersCurrent Events1 decade ago