Friday, July 30, 2010

Is the government going to pass another stimulas package to drive back up the price of oil ?

Last time oil went to nearly $150 dollars a barrel and the value of the dollar immediately dropped against other major currencies. Is this a plan to go to a new one world currency? Ruin the dollar to go to a new better one?Is the government going to pass another stimulas package to drive back up the price of oil ?
You are correct on the oil price jump. Within 1 month after Bush signed the stimulus package in March, the price at the pump was up $1/gallon.





ExxonMobil was the biggest benefactor of the first stimulus package. However, I suspect that WalMart, KMart, and Target stores will be the biggest benefactor of any subsequent packages passed before the Christmas holiday season.Is the government going to pass another stimulas package to drive back up the price of oil ?
The dems may try to push the price back up, but they will have a hard time doing it.

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