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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