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-   -   Oil price jump wreak havoc? (https://ecomodder.com/forum/showthread.php/oil-price-jump-wreak-havoc-16214.html)

Frank Lee 02-23-2011 09:50 PM

Oil price jump wreak havoc?
 
Higher oil prices would hamper global economy - Yahoo! News

NachtRitter 02-24-2011 02:44 AM

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!

gone-ot 02-24-2011 01:59 PM

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

Odin 02-24-2011 02:17 PM

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 02-24-2011 05:37 PM

Quote:

Originally Posted by Frank Lee (Post 221791)

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 02-24-2011 06:20 PM

Quote:

Originally Posted by euromodder (Post 221942)
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 02-24-2011 06:33 PM

http://www.randomuseless.info/gasprice/gasprice2.png

rmay635703 02-24-2011 06:52 PM

Quote:

Originally Posted by euromodder (Post 221942)
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 02-24-2011 06:53 PM

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

Odin 02-24-2011 07:32 PM

isn't that price gouging?


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