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Old 02-25-2011, 12:48 PM
  #70  
DebsShelties
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Join Date: Jan 2010
Location: Virginia
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Originally Posted by Pam B
It is all due to the unrest previously in Egypt and now in Libya. Prices are all based upon speculation. I agree totally that we need to reduce our reliance upon foreign oil but I also heard that we only get something like 7% of our oil from Libya. I suspect someone is making some money over this. The really bad thing is the impact higher prices will have on all the goods and services....trucking, agriculture, etc. In the long run, the extra cost will be passed on to the consumer. DH and I both have good, stable jobs...but I will certainly think twice before I run to the mall (30+ miles away), etc. on a whim.
I think Libya is doing what they are as they saw Egypt do it and win, what country is next? Is it going to snowball while the prices go up up and away?
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