Here's an interesting reaction to the Bush speech on the supposed state of
oil.  Oil is bought in dollars, our dollars are worth less, therefore, it
takes more dollars to buy less oil.
Here's some more info:
http://marketplace.publicradio.org/display/web/2008/04/29/bush_moon_q/

Beth t. 

> -----Original Message-----
> From: Cerebral Palsy List [mailto:[log in to unmask]] 
> On Behalf Of ken barber
> Sent: Tuesday, April 29, 2008 11:56 PM
> To: [log in to unmask]
> Subject: Re: 10 dollar a gallon gas?
> 
> supply is very much lower than demand. 
> the dollar is weak. 
> the middle east is not stable. 
> 
> best i can do in 3 sentences. 
> 
> 
> --- On Tue, 4/29/08, Cleveland, Kyle E. 
> <[log in to unmask]> wrote:
> 
> > From: Cleveland, Kyle E. <[log in to unmask]>
> > Subject: Re: 10 dollar a gallon gas?
> > To: [log in to unmask]
> > Date: Tuesday, April 29, 2008, 3:54 PM Has anyone been able 
> to give a 
> > succinct, three-sentence-or-less rationale on why crude prices have 
> > jumped so astronomically in the last year.  During the OPEC 
> crisis of 
> > the '70s there might have been shortages, but the price at the pump 
> > did not skyrocket in the manner it's doing now.
> > 
> > Kyle
> > 
> > -----Original Message-----
> > From: Cerebral Palsy List
> > [mailto:[log in to unmask]] On Behalf Of 
> [log in to unmask]
> > Sent: Tuesday, April 29, 2008 2:38 PM
> > To: [log in to unmask]
> > Subject: Re: 10 dollar a gallon gas?
> > 
> > There's a school of thought that says if the Fed would stop 
> dropping 
> > the interest rate and start raising them, it would stop 
> inflationary 
> > trends and decrease the rate of oil price increases.  
> Problem is, it 
> > would also decrease the money supply but since no one is spending 
> > money and there is a credit crunch, I don't think it'd have 
> that much 
> > of an effect on that.
> > 
> > Kat
> > 
> > Original Message:
> > -----------------
> > From: Virginia Perry [log in to unmask]
> > Date: Tue, 29 Apr 2008 11:37:24 -0600
> > To: [log in to unmask]
> > Subject: Re: 10 dollar a gallon gas?
> > 
> > 
> > I'd heard $7, so $10 is much worse.  I think we'll be 
> buying a scooter 
> > with our economic stimulus check.
> > 
> > > Date: Mon, 28 Apr 2008 23:18:31 -0700> From:
> > [log in to unmask]>
> > Subject: 10 dollar a gallon gas?> To:
> > [log in to unmask]> > i
> > just
> > heard a prediction og gas going to 10 dollars a gallon here by next 
> > year. >
> > > if it does whatever party wins the election in
> > november will be
> > wrecked
> > for years to come as a depression will do that. > > i wonder how we 
> > pwd will fare in a depression. i fear it will not be well. >
> > > >
> > 
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