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originally posted by: TheArrow
originally posted by: TonyS
a reply to: nwtrucker
What's to stop someone in Washington St. to drive across the border and buy cheaper gas?
The largest population center in Washington state, Sea-Tac, is about 5 hours from any state border.
originally posted by: Korg Trinity
originally posted by: Darkblade71
a reply to: Korg Trinity
I'm thinking that it perhaps has something to do with the Russian petro dollar manipulation tactics, as in stealing the wind from the sail, so to speak.
When the price of oil falls dramatically, that is a sign that economic activity is slowing down. It can also have a tremendously destabilizing affect on financial markets. As you will read about below, energy companies now account for approximately 20 percent of the junk bond market. And a junk bond implosion is usually a signal that a major stock market crash is on the way. So if you are looking for a “canary in the coal mine”, keep your eye on the performance of energy junk bonds. If they begin to collapse, that is a sign that all hell is about to break loose on Wall Street.
"We know there's no silver bullet that will bring down gas prices or reduce our dependence on foreign oil overnight," Obama said Saturday in his weekly radio and Internet address. "But what we can do is get our priorities straight and make a sustained, serious effort to tackle this problem."