Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: shrinkermd

At this point in time, I do not care if the tooth fairy really did solve this issue. This is getting out of control. I wonder where it end? $200 per barrel? $300? This is what is going to temporarily wreck our economy.


8 posted on 05/21/2008 2:44:05 PM PDT by bronxboy
[ Post Reply | Private Reply | To 1 | View Replies ]


To: bronxboy

It is WAY past the time to tar and feather (metaphorically of course) the environmentalists


9 posted on 05/21/2008 2:48:50 PM PDT by clamper1797 (It would be insane to vote for Hussein)
[ Post Reply | Private Reply | To 8 | View Replies ]

To: bronxboy
At this point in time, I do not care if the tooth fairy really did solve this issue. This is getting out of control. I wonder where it end? $200 per barrel? $300? This is what is going to temporarily wreck our economy.

At some point it will end with a huge recession. Oil is used for too many things in our country and its continued rise will bankrupt the economy.

We currently import 13 million barrels per day. At $130 per barrel that menas we are exporting $1.7 billion per day to overseas oil producers. Annually this represents $620 billion of our wealth being transferred to other countries. Thats four (4) times what the Iraq war costs. If oil goes to $175 per barrel then we will be transferring $830 billion per year. At that price it won't be long before our economy goes belly-up.

20 posted on 05/21/2008 3:24:32 PM PDT by NRG1973
[ Post Reply | Private Reply | To 8 | View Replies ]

To: bronxboy
This is what is going to temporarily wreck our economy.

This is what depressions are made of. I just hung up on a RNC fund raiser. We are on the verge of financial collapse, and the Republicans are the most limp-wristed I have ever seen.
25 posted on 05/21/2008 5:07:01 PM PDT by safisoft
[ Post Reply | Private Reply | To 8 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson