Oil price jump wreak havoc?

[Frank Lee]

Higher oil prices would hamper global economy - Yahoo! News

[NachtRitter]

Gonna make it tougher on some, but I do hope the repeated jumps into $4/gal (or more) territory will start waking up America in a way that the 'green movement' never did... through the pocket book!

[Old Tele man]

...it works on teenagers, but I doubt it'll work on adults!

[Odin]

last time it happened i had no complaints for the first three months, but then my grease supplies started getting stolen as more and more people go veggie, which is a good thing as a whole bad for me haha

[euromodder]

Originally Posted by Frank Lee

Higher oil prices would hamper global economy - Yahoo! News

Only if the economy dips again because of some other reason.

High prices didn't really hamper the global economy in 2008 - it was booming, hence high demand and high prices.

At work, we're back to paying top $ for our oil-derived products.
That's good, as it drives the labor costs down into oblivion against the overall costs.

[Odin]

Originally Posted by euromodder

High prices didn't really hamper the global economy in 2008 - it was booming, hence high demand and high prices.

2008 destroyed my town haha It might not have hurt the global econ that much but here in the midwest by the end of summer everyone in the working class was totally broke because of 4.39/gal gasoline

[MGB=MPG]

[rmay635703]

Originally Posted by euromodder

Only if the economy dips again because of some other reason.

High prices didn't really hamper the global economy in 2008 - it was booming, hence high demand and high prices.

That's good, as it drives the labor costs down into oblivion against the overall costs.

Actually the economy was far from BOOMing. Much of our "sales" volume from that year that is supposedly how well we are doing was due to the sales of gasoline not of real goods.

[Schelter]

$3.49 today, up $.35 since this morning...

[Odin]

isn't that price gouging?