If oil Prices reach US100pb, what will happen to the economies of the world?
147171
looks like if you lived in africa youd be working all year for a ride to the doctors.....
1159805
Eventually US jobs will be nothing but low paying service jobs. Globalization will accelerate this.
993916
My opinion is only worth two points.\nBut the chance of oil topping $100 per bbl is greater than its dropping under $50.
523807
value of us dollar is connected with transactions in oil business....as this business will become endangered the dollar is bound to go down.
178603
None, It would not effect them in any way. We take oil now from Alaska and export it to Europe, best price. The energy companies wrote the legislation for republicans in Congress to rubber stamp. It's organized crime at it's Height.
116488
Oil prices will never stop going up because we are running out of it. It goes up by about 2.6% each year.
452439
I think those things will become increasingly important given the trends in the price of oil. Companies will shift to alternative forms of energy to save money. I don't know that it will stop wars among nations.
519327
If you want to see what will happen to the US in 20 years look at what happened to Europe.  20 Years ago they started paying very much higher costs for Gasoline, their businesses started to have to pay out pension funds to retired workers and bankruped many companies doing so.  Today we are faced with many simular situations, rising gasoline costs, aging work force and pensions out of control.  China on the other hand is doing exactly what we did to Europe.  Buying all the oil It can cheaply, out working us, out buying us and out consuming us.  In 20 years we will look like Europe Ecomonically and china will look alot like us today...
497047
I think we are going to run out of crude oil.  We have such a need for it, that we will be in a lot of trouble.
414191
What are you talking about?  The world did not exist before the end of 2001, and all good Americans love paying more for oil.  If you don't like paying extra to line Bush's friends' pockets you should go to Iraq.\n\nbaby_balla_gaby: I thought the sarcasm in my comment was obvious.  Sorry if that wasn't clear.
409202
no, the more we war with the middle east, the higher prices are gonna go. south america is laughing because they arent gonna sell to us either. we are alienating ourselves. by this, we'll choke off any oil contacts & grind our production, tranportation & economy to a halt. uk isnt gonna back us anymore, we lost any european alies with the last iraq campaign, the saudis have other customers & dont necesarilly need us & irael has always sabbotaged usa, obviously not our friend. we have 20 years of oil at best here at home. china & russia wont buddy up. who do we have left. we're wedging ourselves into a position of having to attack & steal. yeh, the global economy will change in the near future, for the worst.
717124
Oil and other natural resources valuble to the US
682265
And create an insane amount of inflation.  The amount of money doesn't keep the value of the dollar Static, it would devalue the dollar.  We might as well become a third world country at that point
1050302
Yes its possible, but will it happen?  No because there is no oil there for us.
318704
Only if you are the country that is sanctioned. over all the world economy is able to absorb enough of the lost produces.  well except when it comes to Oil.
980107
YES it is all about oil. It will not change unless there is a revolution or Revelation. Our children will continue to DIE to support the "status quo" failed petroleum policy of GWB and Company.\n\nRead the White House energy policy signed by Dick Cheney. Not much about getting out of the Oil Economy here:\nhttp://www.whitehouse.gov/energy/summaries.pdf
1001044
With the ever increasing oil price in the world market, what not?