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The average price of gasoline has now reached an all time high in the United States at $3.03 per gallon. Higher even than in the Hurricane Katrina aftermath. The recent cease fire and UN agreement between Israel, Lebanon, and the Hizbollah and the recent downgrading of the years predicted hurricanes and gulf coast storms have reduced the risk to the oil industry. There are no foreseen major disruptions or implications to the oil supply in the near future so experts are saying the price of crude oil on the world market should be seeing a large drop over the next few weeks. Thats not to say that George Bush wont create something again to help his Big Oil friends and campaign contributors. Over the last few months Americans have been shelling out upwards of $3 per gallon on average and equipped with a stalled and weakening economy this really hits the middle and lower class in the pocket books. To weather the storm, savings have been ravaged and Americans are saving less and carrying more debt than ever. 90 percent of Americans carry debt and the average credit card debt is now well over $10,000. This is in part due to George Bush and his republican view that the middle class needs to disappear. George Bush has passed laws and paved the way for Big Oil to have its biggest paydays ever. Exxon Mobil and other oil and energy companies are reeling in record profits this year at the [1] [2] [3] 下一页 |