I am tired of seeing only gas pumps and hearing about cars and mpg's when it comes to rising oil.  SO much more relies on the price of oil.  Look around your room and I DARE you to find something that is not deeply reliant on oil, whether being painted, made from plastic, or transported via a vehicle.   Food production...more

Part of me wonders if this is real or just media propaganda to attempt to acclimate us to the idea of 5 dollar gas so when it comes we won't be as volatile as they worry.

Other benefits: Less obesity: the cost of food will go up so no one can actually afford to eat anymore Less traffic: people won't drive to work because they will have no jobs or it costs more to drive than their salary pays Less crowding: people will just start to die off because there's no way to afford the higher ...more

Peak oil, baby! Here comes the crash!

This economy is never going to recover.  Japan has said they are going to cash in their overseas investments, such as USA treasuries, to help pay for their reconstruction.  Their purchasing of those treasuries is how we continue to borrow money.  If we have to start paying that money BACK, where are we going to get tha...more

Wow.  Just imagine what would happen if we got unemployment down to, say 6 % (for real).  Would crude oil go up to 250 dollars a barrel? If it's going to jump like this from such pathetic "good news" what would happen with REAL good news.

The problem with $4 gas is not having to pay for gas to drive the car, so much as it drives the cost of EVERYTHING up.  Food and everything else is transported with vehicles, so if the cost of that transportation goes up, so does the price of the product.  Plastics are made from oil, as are medications, DVD's, TV's, an...more