[timmac]

timmac wrote:
and it mostly stayed that way up to around $2.00 to $2,50 a gal,, but now its a economy wreck going on and if gas/oil keeps riseing the way it has been when we hit $4.50 a gal things are going to look alot worse,, I hope I am all wrong but if you ask around and look at things now with oil prices now it can only get worse as it rises,,,

joeltrout wrote ;
Remember the economic problems we are seeing right now in the US have very little, perhaps nothing, to do with the price of oil or gasoline. It has to do with the housing collapse and credit crisis.



No I did not mean that oil/gas was the main problem,, but throwing high oil/gas in at a time of economic problems is like throwing gas on a fire to put it out,, if gas rises above $4.50 a gal this year it will cause many other problems along with the problems we have now,, if the economy was good,, food was cheap,, people had less debt,, house prices were normal and rising,, than high price oil/gas would not be as bad off...

[timmac]

timmac wrote:
if oil hits above $250.00 a barrel we just might move into a 3rd world status,,,, "I dont think we will ever see $500.00 a barrel"........

joeltrout wrote ;
I think this prediction is way tooo doom & gloom. I think the US will be much the same just more expensive for items across the board, less driving, and less wasteful spending on "stuff" we dont need.



You must not have traveled to many 3rd world country's,, I have been to to about six 3rd world country's and will tell you that there is very rich people in these country's,, big high rises,, some good highways,, big mansion's,, etc,, how ever only 5 percent have the money and live good in big houses and all the other 95 percent live very poor and have very little,, if oil goes above $250.00 a barrel in the next 2 years with our economy problems many here in America will be throwing into a 3rd world status,, yes there will still be high rises,, big highways and people driving on them and most will still be ok,, but many will sink deeper into debt,, many more will become homeless,, many more will be unemployed,, and many will just never live life in the middle class as many do today,, this will be the beginning of 3rd world status in America.......Not Doom and Gloom, Just Reality.....