2007-12-28 18:57:10 · 9 answers · asked by Wickwire 5 in Society & Culture ➔ Cultures & Groups ➔ Senior Citizens
Huge price jump?
Moderate price jump?
Little or no change?
Moderate drop?
Huge drop?
2007-12-28 18:58:34 · update #1
I think that the price is going to continue to rise until the Government steps in and resets the limits on profits, like they used to have before Bush senior lifted them.
but the only real solution is alternative power.
however the American people are so power mad that energy efficient automobiles are not going to be very popular, until we have an attitude adjustment.
2007-12-28 19:08:40 · answer #1 · answered by Hannah's Grandpa 7 · 4⤊ 0⤋
In 1979 I worked for the BIA (Bureau of Indian Affairs) and oil went up to $50 a barrel, and gas didn't hardly go up!! Of course, we had a different president!!! These Native Americans are living high on the hog because their per cap checks are $7,000 a share, when my mother-in-law was alive she had 5 shares!!!! WAHOO!!!! The government pushed them off onto this brushy land and didn't think it was good for anything and guess what, oil was discovered. There's a book about it and it's very interesting a lot of ndn's were killed off for their inheritance!! If you're interested about the book e-mail me at ndnquah@yahoo.com!! I don't always get my e-mails from the site!! Good question!
2007-12-29 00:58:57 · answer #2 · answered by ndnquah 6 · 3⤊ 0⤋
With rising cost of fuel oil and the trickle down effect plus the housing slump being the worst in 12 years, we are headed for a recession. Foreclosures are on the rise, housing prices are dropping and the war in Iraq, job and plant closings, there will be a decline in the economy
2007-12-28 19:59:04 · answer #3 · answered by slk29406 6 · 4⤊ 0⤋
As long as Americans are willing to pay for it, the price will continue to escallate! Since the death of Benazir Bhutto - a barrel has climbed to $96.00 a barrel. Totally ridiculous! I think I will move back to the country and buy a horse again. Not quite as fast, but alfalfa is cheaper than gasoline! And it is definitely a renewable fuel source!!!!!!!!!!!! CJ
2007-12-28 23:14:57 · answer #4 · answered by CJ 6 · 3⤊ 0⤋
I expect to see the price moderately increase. I think that things will get worse before they get better. I agree with slk about a recession .
2007-12-29 07:48:14 · answer #5 · answered by noonecanne 7 · 2⤊ 0⤋
Just like the spike in 70's
Price will stabilize as the world stabalizes.
2007-12-28 19:01:12 · answer #6 · answered by ★Greed★ 7 · 1⤊ 0⤋
An old saying says that what goes up must come down.
But then apparently that doesn't apply to crude oil.
2007-12-29 00:23:18 · answer #7 · answered by drg5609 6 · 3⤊ 0⤋
moderate to huge increase
2007-12-29 04:30:38 · answer #8 · answered by Anonymous · 3⤊ 0⤋
I believe it will continue a steady increase, and a recession is coming.
2007-12-29 00:41:19 · answer #9 · answered by Aloha_Ann 7 · 3⤊ 0⤋
Little or no change. If change it will be higher.
2007-12-29 15:15:42 · answer #10 · answered by Just Hazel 6 · 1⤊ 0⤋