posted on Apr, 27 2008 @ 11:17 PM
Originally posted by Enrikez
Is this a points whoring thread?
Anyways, gas was $1.22 a litre in Toronto yesterday.
Bro you can have my points if you like ( damn it i really wanted them
A mod could donate all the points from this thread to anyone who responds (their could be a raffle?) i would be cool w/ that.
anyhow i hadn't really followed the gas prices too closely in the past months, but i do follow financials and with Oil futures rising rapidly, and
IMO a rising chance of War in the middle east (doesn't have to be Iran) i think the potential for much higher prices are possible.
with disposable income evaporating for many american's , business earnings and GDP in general would weaken. Now factor in war. (War = Gov't
spending= GDP growth/Debt growth. GDP/DEBT growth is good for the * ever more desperate* (to grow both /check exhibit A, i.e rules changed to allow
banks to invest in and offer subprime lending) marriage of the Federal Reserve and the U.S Treasury.
The One potential hope for a respite in gas prices that i see, would be The dollar strengthening on (See-saw) Euro economic weakness and subsequent
Euro Central bank rate cuts (late in fall)
P.S looks like southern cal is the big winner/loser so far.
[edit on 27-4-2008 by cpdaman]