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JIM DENT

The Commoners Guide to the Galaxy
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Member Since: 3/2006Last Seen: 11/25/2009

Rising cost of oil threatens vulnerable economy

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Fueled by strong demand, worries about supplies and the eroding purchasing power of the dollar, crude oil prices continued to close in on the $100 a barrel mark Wednesday — up $35 in just the past six months.

With oil prices advancing so rapidly, the immediate unknown is where they will stop before taking a breather. But the longer-term question may be even tougher to answer: How high can oil prices go before the higher cost of energy tips the U.S. economy into recession?

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{"commentId":1167001,"authorDomain":"jimdent"}

Yeah, and it "threatened" my wallet today when I gassed up....

{"commentId":1167001,"threadId":"172954","contentId":"1081228","authorDomain":"jimdent"}
  • 1 vote
Reply#1 - Wed Nov 7, 2007 10:49 PM EST
{"commentId":1170895,"authorDomain":"seward"}

Seems like the days of cheap energy are well and truely over!

{"commentId":1170895,"threadId":"172954","contentId":"1081228","authorDomain":"seward"}
  • 1 vote
Reply#2 - Fri Nov 9, 2007 6:25 AM EST
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