$120 Oil? Even Tech Would Feel the Pain

Its coming people... Peak Oil: The end of industrial society.....

I can't believe we let the oil producting countries get away with making so much money while we protect them with our troops. We need to charge dearly for this protection and other resources we are selling them so they can build their empires on the sand. The cost of oil is reflected in the price and quality of food and other procducts we consume. Look at what you are paying for milk, meat, eggs and other products. Thank you OIL PRODUCING NATIONS. And special thanks to our Leaders and yet to be elected Leaders for protecting us from this scam.

It does not take a rocket scientist to figure out we are in the beginning stages of a recession. The ones that will suffer are the working class. Consumer spending has plummeted. Small store chains are going under, ie A&N. The oil moguls are fat and happy. The young working class that could buy a first time home for 175,000. last week now can only be approved for 160,000, because Berneke likes to play with the interest rates. Do we need someone more experienced than Berneke to keep us balanced? We appear to swing either to lenient or to tight with the housing market. Stop cutting back on the programs that help the market and tighten up on the guidelines that are used to provide loans.

IMO, articles such as this help spike the price of oil, (i.e. speculation). The consumer holds an amazing amount of power in their hands. If they'd stop buying gas guzzlers, cut back on needless travel, oil prices would fall. Less demand = lower prices.

I am 78 years old and I can still sweep the floor, iron my clothes, live on a ranch, go dancing, enjoy life with my dogs,and my neighbors. Why is it that our legislatures want to give my money away?

I am 78 years old and I can still sweep the floor, iron my clothes, live on a ranch, go dancing, enjoy life with my dogs,and my neighbors.

I am 78 years old and I can still sweep the floor, iron my clothes, live on a ranch, go dancing, enjoy life with my dogs,and my neighbors.

I can't believe we let the oil producting countries get away with making so much money while we protect them with our troops. We need to charge dearly for this protection and other resources we are selling them so they can build their empires on the sand. The cost of oil is reflected in the price and quality of food and other procducts we consume. Look at what you are paying for milk, meat, eggs and other products. Thank you OIL PRODUCING NATIONS. And special thanks to our Leaders and yet to be elected Leaders for protecting us from this scam.

Hope the caribou are enjoying themselves while we endure another oil shock . . . Thanks Al G. By the way, how's the global warming drivel doing now??? -4 last night in ChiTown!! Break out the shorts . . .

I am 78 years old and I can still sweep the floor, iron my clothes, live on a ranch, go dancing, enjoy life with my dogs,and my neighbors.

Looks like $100 oil is going to be normal with some upside potential! I don't get it how that fits with a possible recession in the US.Maybe demand will keep up because of China and India?

IF THERE WERE NO GOVT SAFEGUARDS IN PLACE WE WOULD ALREADY BE IN A DEPRESSION THE LIKE THE WORLD HAS NEVER SEEN. NATIONALIZE OIL....

It is all greed on the middle man they will kill the goose with the golden egg!

there is nothing to support this high price oil. these guys have found a way to make money on our backs. we, the public are paying the price and this is going to bring the economy to it's knees. wait till we are in a full blown recession and watch what happens to the price. these investors are going to loose then.

It's impossible to hold down oil prices when our own country and it's leaders turn their back on goughing and the destruction of our economy. Having people with interest in oil giving lip service about attempting to control prices is the fox watching the henhouse. There is NO WAY our economy will ever come back until oil prices are scaled back and honestly regulated. How can they just watch us go further downhill? At $1.50 a gallon the oil companies would profit in huge numbers. Our economy could straighten out. We are not oil guzzlers and we're not to blame for higher prices. Just as the war is a deception from our pitiful economy, so is the idea that we are to blame for higher prices. I don't think any company can raise their price by 32 cents a gallon at the snap of a finger. It the US that has as much to do with the undermining of our economy. No one can afford housing or anything with this open and allowed goughing.

It's impossible to hold down oil prices when our own country and it's leaders turn their back on goughing and the destruction of our economy. Having people with interest in oil giving lip service about attempting to control prices is the fox watching the henhouse. There is NO WAY our economy will ever come back until oil prices are scaled back and honestly regulated. How can they just watch us go further downhill? At $1.50 a gallon the oil companies would profit in huge numbers. Our economy could straighten out. We are not oil guzzlers and we're not to blame for higher prices. Just as the war is a deception from our pitiful economy, so is the idea that we are to blame for higher prices. I don't think any company can raise their price by 32 cents a gallon at the snap of a finger. It the US that has as much to do with the undermining of our economy. No one can afford housing or anything with this open and allowed goughing.

2thinkaboutitoveragain: The oil prices are determined not by the open market but by the two groups of corrupt and manipulative crooks: 1. OPEC governments. 2. Oil companies.

don,t we pay the same price for our oil as over seas oil. ever think we stay dependert so we could pass the blam of greed to somebody else

It's impossible to hold down oil prices when our own country and it's leaders turn their back on goughing and the destruction of our economy. Having people with interest in oil giving lip service about attempting to control prices is the fox watching the henhouse. There is NO WAY our economy will ever come back until oil prices are scaled back and honestly regulated. How can they just watch us go further downhill? At $1.50 a gallon the oil companies would profit in huge numbers. Our economy could straighten out. We are not oil guzzlers and we're not to blame for higher prices. Just as the war is a deception from our pitiful economy, so is the idea that we are to blame for higher prices. I don't think any company can raise their price by 32 cents a gallon at the snap of a finger. It the US that has as much to do with the undermining of our economy. No one can afford housing or anything with this open and allowed goughing.

It's impossible to hold down oil prices when our own country and it's leaders turn their back on goughing and the destruction of our economy. Having people with interest in oil giving lip service about attempting to control prices is the fox watching the henhouse. There is NO WAY our economy will ever come back until oil prices are scaled back and honestly regulated. How can they just watch us go further downhill? At $1.50 a gallon the oil companies would profit in huge numbers. Our economy could straighten out. We are not oil guzzlers and we're not to blame for higher prices. Just as the war is a deception from our pitiful economy, so is the idea that we are to blame for higher prices. I don't think any company can raise their price by 32 cents a gallon at the snap of a finger. It the US that has as much to do with the undermining of our economy. No one can afford housing or anything with this open and allowed goughing.