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- Mar 18, 2002
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Quote:
Haha, I know, but I like how speculators put people into panic which gives companies the "right" to charge more for oil. Libya doesn't even put out enough oil for it to be a quantitative problem but oh well.
Watches, watches, watches.
I like the watches, watches, watches part. But during the Bush midterm elections, gas came done to around $2. As soon as the Republicans did not take over the house, the prices magically went back to $3.00. Who threw that switch, and why aren't we throwing it now? We are not allowed to talk politics on this forum for the simple reason that it has a history of starting wicked fights.
I just want to add my 2¢. Libya has 9% of the world's oil perserves and if "how ever you spell his name" starts to burn his own oil pipelnes, gas can go to $8/gallon.
Everything has been going up long before the oil situation. All off the things that we buy at the supermarket and clothing stores went up 6% in the last 12 months, and it's just people trying to make a living and keep their business in tact through tough economic times and watches are a luxury that mostly only upper middle class people can buy, and if they can afford to pay $2500 for a watch, the big companies figure that $2750 is not going to stop them.