you have to make life decisions at the pump 4.00 for gal milk for my child or 4.00 a gal for gas how do the expect min wage to live .hey cant make it to work today .why? cant afford gas . something has to give if gas goes up more economy is going to [...]
here is the actual question..
How may (will) the increase in the price of oil affect aggregate supply and cause both inflation and unemployment (stagflation) to develop in the U.S. economy?
It just kinda seems that with the price of oil and gas being so high, the economy is going down. I don’t think this is the only reason but just one of the factors!
President Bush said during an interview that the reason food prices are sky-rocketing is due to the fact that a barrell of oil is 6. How do food prices appertain to oil prices and why does the economy revolve around oil?
spend money,,why can`t they see that the economy will not grow with 2.15 per gallon prices??? OIL and investors read this closely.
Both candidates seem to be against it. Question is, will drilling hurt the economy more than it will help it? I am actually a Republican, but somehow Republicans have started to believe drilling for oil is a conservative principle. Just because man kind is more important than the environment doesn’t mean we should be proud [...]
We have plenty of oil right here in the US. Why not use it instead of paying to import foreign oil?
Oil is the lifeblood of our economy. Cheaper domestic oil would help to strengthen our economy. No more paying /gallon for gas.
I know environmental concerns are a part of it. But, drilling technology has improved. [...]
Just curious,
What would happen if instead of pegging the price of oil and precious metals to the US dollar that the world market instead decided to use another currency such as the Euro? Would investors lose confidence in the US Economy? What would happen to the economy? Or do you think there would [...]
why did pilosi and the gang want to keep gas prices so high..
oh that’s right they were saying bush did it..
kinda like the economy pilosy has had control of for two years now
name one pilosi bill sent to bush that was not signed by him..he has not vetoed anything she wanted..learn before you make yourself [...]
I despise the whole oil market thing but it’s almost like the gold standard used to be. Everybody seems to peg the health of the economy to its value. Why is this and how did it get that way? I guess it’s because it’s an "essential" commodity. Right or wrong?
P.S. If that’s the case [...]
Eveytime there is the least sign of an upturn the oil prices jump then down goes the economy again if it really did have an upturn. Why does Washington continue to ignore this and why haven’t they tried to take control of oil prices since they want to control everything else. I think keeping oil [...]
last week the report came out from the federal government that there is approx. 30 billion barrels of oil in anwr.
it also says there is a total of over 100 billion barrels if you include drilling off our coasts.if you don;t think we need it, you must not realize that our economy is energy based. [...]
Isn’t the economy now worse than 2001 and besides that the Dow in recent slump is actually lower than 2002.
If the oil price can somehow reflect the economy.
But why is the current oil price still higher than price in 2001 dot com bubble? is it still because of speculation?
Or we are really [...]
So I live in Northern Illinois. The current cost per therm for natural gas is about {content}.45. In 2008 it average about {content}.95. We just locked in for the next five years at {content}.79. Does this seem worth it? I don’t know much about the fluctuation of natural gas prices. [...]
Do landmans work long hours and is it a tough job.(difficult) Is this is a good time with the tough economy. And what is the salary like after a couple of years, is their room to do other things and increase pay??
All this with a masters in energy mang, and minor in finance.Thank You.
Some people thought my answer about the economy was pretty lame, and it was. It’s much more than supply and demand. We could get into elastic and inelastic markets as well.
Supply and demand is a part of economics however.
Historically when gas was plentiful, the price came down. Electricity is made using natural gas, lignite coal [...]
The Democrats have already wrecked the US economy by forcing banks to make risky home loans to unqualified borrowers….now, the Democrats won’t to make the US more dependent on dictators with oil…can’t they see what Russia is doing to Europe?
http://news.yahoo.com/s/ap/20090107/ap_on_bi_ge/eu_ukraine_russia_gas
I was wondering if there are any downsides to falling oil prices during a recession? It seems like it would be a good thing since low oil prices would lower the price of goods which would encourage consumers to spend and boost the economy so on… Am I missing something?
Crude oil is the very foundation of our economy is it not.