folks.. The price of gas has to do with world consumption, nothing else. The U.S. has very little baring in the oil business, because we dont own any oil companies. (Except Marathon and Hess). Our only control is where we do or do not allow drilling.
Also as for the dollars value being tied to the price of oil. umm I think we better re read the chapter on the impact of debt.
agreed, i did not say entirely tho for a reason. i mean, i know that world demand for oil is at 88 billion barrels and we can only produce 85, and i know that Bush doesnt control the oil industry's production or prices, im just saying since that oil is responsible for the main functioning of everyday society in our country, it is fair to say that when oil prices rise due to demand, all other energy related prices also rise. and being that companies arent handing out raises whenever the price of oil rises 10 bucks, it is also safe to say that the value of a dollar has declined because people are still making the same amount of money as they were when oil was at $75 a barrel...and i know there are other factors involved such as the treasury printing more and more money and just throwing it towards foreign countries and national corporations and such, i know our dollar isnt THAT bad, yet, but since its fallin below both the Candian dollar and the Euro, i feel reason enough to bitch about it...just tryin to rebulte lol