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Gas Prices Surge Again, Renewing Talk of a Double-Dip Recession

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Gas Prices Surge Again, Renewing Talk of a Double-Dip Recession

Post by Guest on Mon Mar 07, 2011 10:07 am

Oil prices rose to a fresh 2-1/2 year high early Monday, climbing above $106 a barrel, as the violence in Libya continues to unsettle the market.

http://money.cnn.com/2011/03/07/markets/oil/index.htm?hpt=T2

http://www.dailyfinance.com/story/gas-prices-surge-again-and-renew-talk-of-a-double-dip-recession/19870115/?a_dgi=aolshare_twitter



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Last edited by DesperateInRI on Mon Mar 07, 2011 11:54 am; edited 1 time in total

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Re: Gas Prices Surge Again, Renewing Talk of a Double-Dip Recession

Post by Guest on Mon Mar 07, 2011 11:11 am

This can't be good for the economy.

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Re: Gas Prices Surge Again, Renewing Talk of a Double-Dip Recession

Post by gettheminNOVEMBER on Mon Mar 07, 2011 11:57 am

Keep an eye on Ed Schultz this week, he is going to talk about this and what Obama could do to help.

What better way to win votes but lower the gas prices? I know JOBS JOBS JOBS Very Happy Second to that.

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Re: Gas Prices Surge Again, Renewing Talk of a Double-Dip Recession

Post by chopthis91 on Mon Mar 07, 2011 12:11 pm

Rising fuel costs will also make consumer goods prices rise and they were already on the rise before this gas crisis started. Food, clothing, travel, tourism...EVERYTHING will increase in price. They call it double-dip...I call it a worsening of the Great Depression which has never ended to begin with imo (Great Depression Part 2 is more correct).

BLeep

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Re: Gas Prices Surge Again, Renewing Talk of a Double-Dip Recession

Post by Guest on Mon Mar 07, 2011 12:15 pm

Remove the speculators from the equation and gas prices would drop by atleast 30%. Probably more.

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Re: Gas Prices Surge Again, Renewing Talk of a Double-Dip Recession

Post by sbraney on Mon Mar 07, 2011 12:49 pm

This is EXACTLY what the cons did to Carter in the 70s. When I saw Obummer placing cons in his cabinet and former Clinton DINOs, I was more than disappointed. It is clear that both parties need to do everything they can to obtain campaign finances for their re-election, regardless of what the outcome may mean for the country at large. The people who are advising Obummer would rather see him lose in '12, because no matter how much money he is able to raise, the voters will not vote for more of his economic policies. At this stage, since the guy is toast - I don't care what the pollsters are reporting, when people can't afford food or gas and unemployment is 20% or higher, there will be retribution - just as the democrats were set up by the seniors and jobless in the last election for leaving them behind, there is no way that a country in this shape will continue with the same agenda. In addition, I can't figure out why the guy opted for more tax breaks for the über wealthy - when they will expire in an election year!! At this point he should do what is right for the country at large by letting reserves flood the market and collect windfall taxes on oil/gas companies before they start bragging again about the enormous profits they've made. We are being robbed and talk about classic enablers!!

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Re: Gas Prices Surge Again, Renewing Talk of a Double-Dip Recession

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