Quote:
Originally Posted by Chio
= America is fucked. No matter where you fall politically it's indisputable.
If you know anything about economics I'm guessing you are buying lots of ammo 
PS hi. |
Here's the funny part that nobody has really mentioned: High oil prices are a very specific "terrorist" style attack on the US.
Combined with the falling dollar, which almost isn't in the US government's control anymore means that Americans are seeing huge increases in the price of oil. Because oil is priced in US dollars, it directly affects americans.
The rest of the world isn't feeling the same pinch.
When oil was $30 a barrel and the Canadian exchange rate was .65, oil was effectively costing us almost $50 a barrell. Now at 1 to 1, we are at $80, about a 60% increase. Americans are face a price that is 270% higher.
While oil has climbed to it's highest price every, price of pump gas in Montreal has been hovering around $1 a litre, sharply lower than it was this time last year... we peaked out well over $1.20 a litre.
Every time the US dollar drops, the price of oil ticks up and the vise gets tighter on the US. Who controls the oil? Think about it.