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Having just seen the breaking news that the price of oil is down UNDER $70 a barrel now, are the oil companies going to continue to give us the break we have needed from this greed that they continue to put on us? Honestly, I believe that they should have done this long before now. When the housing market went downhill, it would have been fantastic if some of the big oil companies had the compassion to drop their prices so that Americans could keep their homes. I have no doubt whatsoever that big oil contributed to many of the homes lost during the crunch on mortgages. Don’t get me wrong here. People should not have fallen for that snake oil salesman’s dream loan. But if big oil had one grain of compassion, they could have helped the economy and the American homeowners who were standing on the precipice with their mortgages.
Hopefully, big oil will get a clue since we have stayed away from the pumps, found other ways to cope. It sure does not hurt to let them know that we can deal with this and live without as much gas. I truly hope it hurt them in the right place, the wallet. They had no problems whatsoever hurting us there. In these perilous financial times, it is a breath of fresh air to see the prices of things coming down again. I did not think we would see that unless we had a full blown depression. And that still may occur.
Having said all that, I also saw today that retailers have plans to give big breaks on prices this holiday season. That is a fantastic thought too. We have been hit and hit hard in many places at once. It will be a relief to see lower prices especially during the Christmas buying season which has definitely started. All in all, it might just be a better time now. Well, except for the stock market which has fallen as of this writing. Who knows. It may bounce back at closing. The good news is all about the gas prices and goods prices. That will help us all.
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2 Comments
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indeed the price is falling. i heard that the world oil price has been played by some big shots from russia. hopefully the price keep falling and i can travel more distance hehe
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What I’m hoping is that we get our lives back. Right now, big oil and the greedy individuals with OPEC are keeping it real for us by starting to lower the gas prices at the pump. I am not going to trust them to be generous for long though. Watch out! Things may change soon and not for the good of the country.
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