I hope the government has oil on its radar screen. The Europeans say we should stop complaining about high gas prices as they have been dealing with them for years. It doesn’t matter right now. If the US doesn’t find a way to deal with rising gas prices, our economic recovery is dead in the water. In my opinion, we’re in this mess because of oil prices last year. It was the little snowball that gained speed and turned into an avalanche. When gas prices went through the roof, Americans started getting squeezed on expenses. That led to homeowners falling behind on their mortgage payments…and here we are.
Crude Oil
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June 5th, 2009 at 10:04 am
Does the phrase “double dip recession” sound more and more possible with rising oil?