Tuesday, April 26, 2011

Gasoline prices and the impact on the US economy!


Here are a couple of headlines: 

Crude Oil Climbs a Fourth Day as Middle East Violence Escalates

Yes, there is a chance that these higher gasoline prices could stop our fragile recovery.

Therefore, why aren't we drilling in the US?

I understand that drilling for new oil resources won't have an impact on current gasoline prices.  However, it will send a message that we intend to break our dependence from foreign oil.

It will bring down the price of oil, although it won't be anytime soon.  (I just paid $37 to fill up my tank this morning or 10 gallons @ 3.70!)

Click here for our chat with Bill Katz on Monday's show:


Listen to internet radio with Silvio Canto Jr on Blog Talk Radio

 Tags: Gasoline prices, OPEC, oil companies  To share or post to your site, click on "Post Link". Please mention / link to the My View by Silvio Canto, Jr. Thanks!

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