Posted by 36 coupe on December 07, 2008 at 03:53:09 from (216.220.248.125):
In Reply to: Re: Gas under a dollar posted by big fred on December 06, 2008 at 11:28:26:
High priced oil did wreck the economy,just took a while for the fools to realize what was happening.750 small stores closed in Maine in 07.4 dollar hay forced people to sell horses and quit raising a few calves for home freezer beef.Over priced houses and crooked lending practices added to the problem.We were facing 5.00 fuel oil prices this winter.This made a lot of people switch to wood pellets.Looks like US auto makers will go broke and fail to repay loans.You aint seen the worst of it.When an item loses demand prices fall.Jobs lost mean people are not going to work,burning gasoline.No loan money to buy new cars will hit the car makers hard.
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