It is a frighting thought, made even more so by the fact that there is no shortage of oil.
Originally Posted By: grampi
Just think about $8 gas for a moment...look at what happens to our economy when gas goes from $3.50 to $4.25 like it does every spring...prices of EVERYTHING go up, and the economy slows down because consumers now have less money to spend on things other than gas...if a price change of $.75 a gal has that much effect on the economy, what do you think prices going from $4 to $8 will do? We are talking an economic catastrophe of epic proportions...
Originally Posted By: grampi
Just think about $8 gas for a moment...look at what happens to our economy when gas goes from $3.50 to $4.25 like it does every spring...prices of EVERYTHING go up, and the economy slows down because consumers now have less money to spend on things other than gas...if a price change of $.75 a gal has that much effect on the economy, what do you think prices going from $4 to $8 will do? We are talking an economic catastrophe of epic proportions...