RE:weak dollar
by Rajendra Rao on May 26, 2008 09:12 PM Permalink
Look- that does not make sense at all- weaking dollar has nothing to do with it.
The facts are: Speculators on one hand are driving up the price; Global demand is increasing for petroleum and finally (as reported by National Geographic couple of years ago), we have hit the peak oil production and there will be a decrease in output in future. Do not be surprised if oil hits $ 200/ barrel by end of the year.
We are all paying the price for mistakes made by bad leadership- The main culprit is Bush, who is waging psuedowar against Iraq costing us so far 2 trillion dollars, and what a BS- all in the name of staying in power at any cost.
