http://www.247wallst.com/2007/09/with-oil-at-rec.html
2007-09-17 16:06:40 · 9 answers · asked by done 3 in Politics & Government ➔ Other - Politics & Government
Wouldn't this raise the price of electric as well?
2007-09-17 23:16:14 · update #1
I'd probably buy a skateboard.
2007-09-17 16:15:15 · answer #1 · answered by Anonymous · 2⤊ 1⤋
Yes electric utility rates would increase because the demand for electrric power would raise as well.
Industrial based economies would suffer the most, as well as those generally using the highest amounts of per capita energy. So while it may be bad for America, it will be much worse for places like China, where they lack a diversified service oriented economy, plus they have colder weather regions that will be as affected by higher energy costs as well.
If you have ANY money and/or brains, you will invest in oil companies or oil company mutual funds. Do it through your bank, do it now, instead of complaining about high prices, smile knowing you are doing better within a system that works for you! (especially in companies producing oil in Canada because it is a safe investment...no terrorists or wars here)
2007-09-18 16:21:00 · answer #2 · answered by aka DarthDad 5 · 1⤊ 0⤋
Sales of American fuel guzzling cars would drop while economic smaller Japanese cars sales would increase.This will have a ripple effect on other goods which needs transportation will rise in price. To other industries which use oil products or by products will also be affected directly or indirectly.
2007-09-18 03:09:13 · answer #3 · answered by daniel g 1 · 1⤊ 0⤋
A Depression. Possibility of a cival war.
2007-09-18 08:51:14 · answer #4 · answered by Bud 1 · 1⤊ 0⤋
Americans would have to what people in Europe do at those prices, cut back on gas guzzlers
2007-09-17 23:15:58 · answer #5 · answered by Anonymous · 2⤊ 0⤋
they would not sell much, and Liberals/Democrats would finally allow us to drill in ANWR. Pelosi needs a lot of jet fuel for her private jet rides to California from DC.
2007-09-17 23:29:03 · answer #6 · answered by Anonymous · 1⤊ 1⤋
Mmmmmmmmmmmmmmmmmmm..Think of the profit Exxon would make.
2007-09-18 00:13:06 · answer #7 · answered by Barry auh2o 7 · 1⤊ 0⤋
Bush and Cheney and pals would be so rich, they might just resign.....come on OIL!
2007-09-18 01:28:23 · answer #8 · answered by Debra H 7 · 1⤊ 0⤋
Al gore, Kerry and kennedy would be the only people still heating their palaces.
2007-09-17 23:33:29 · answer #9 · answered by smsmith500 7 · 1⤊ 1⤋