Wednesday, June 10, 2009

$70 a barrel oil

Fasten your seat belts, America. Here we go again. Nobody seems to be "getting it" when it comes to the economy. The price of oil is on its way up, (maybe WAY WAY up)dragging the price of gasoline along with it. Do the math. End result? NOBODY is going to but those GM and Chrysler cars. EVERYBODY is going to buy Hyundais and Kias (over Prius and Honda hybrids) because THE PRICE IS RIGHT. The politicains and the carmakers and the economists will once again be scratching their heads in unison.

By the way, the same crowd behind driving gas up towards $4 a gallon is the same crowd involved in the latest round of price hikes: speculators!

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