Demand for oil will lead to America's economic destruction?

Question

Utility bills going up over 20%, stock markets going down, food costs going up, No more movies at an airplane, America troubled in the war in Iraq. Growing animosity between Iran and Israel/America. Gas, oil prices going up and among other problems due to oil demand. The middle eastern countries is where we get a huge percentage of our oil. They initially say how much we pay. They are controlling America. America is going down hill. The American currency is going down hill. Middle eastern oil Billionaires are buying up Famous US land marks such as the Empire state building in NY among other buildings. Pretty soon America is going to be a nothing and the Middle easter countries like Saudi Arabia, Iran and any other Oil countries are going to pretty much be the wealthiest and rule the world. No longer is America going to police the world around. What is happening to this great country of ours America. Is america going down hill because of oil prices? Will US economy be destroyed?

Answer 1

It doesn't have to be destroyed.  All the higher gas prices are doing is forcing the government to seriously look at alternative forms of energy and will eventually cause companies to invest in more hybrid cars to break dependence on oil.  A good thing about it is it is causing Americans to walk and bike more, which will give people exercise they need they wouldn't have got if they can still drive as much as they used to.  The bad thing is it will still cause food prices to increase until an alternative comes up.

Answer 2

Energy dependency was bound to catch up with Americans, sooner or later. You just cannot rely on an average salary anymore. If the dollar is trash, then you need an alternative investment that is immune to the dollar's collapse. Gold, and oil futures, are making some american very wealthy today.

Answer 3

Yes, it will be destroyed. Just like it was in 1979-80.

Answer 4

It could if we continue on the same path we are moving in at this time.

Well, start with the fact that in the last 2 years 40,000 companies have left the US for other countries, 500,000 jobs have been lost in the last 6 months. Our Government stated to the American people that the NAFTA laws would creat jobs in the US, was at best a lie. Instead what happen is companies found they could move there operation to Mexicao, Japan China, Inda, ect. and recup there moving expence within two years, do to lower labor cost. Mexico, the only have to pay a full time employee $4.50 per day.

Companies like GM, Fords, and other larger compaies alike forgot that the American people made them as large as they are (were). To go further, one can use common sense and think about if I move from the US and cut labor, then WHO is going to buy my product. When you go from the largest employer to a mid-size do to down sizing then what do you think is going to happen in the US.

The money is going to foreign countries, and forign businesses, so it's plane just leaving the US. Lack of planing on Business, and the Government as a hole is at fault. We send 700 Billion just to foreign oil companies a year, and we give the richest companies in the US tax breaks. 18 Billion in subsidiaries ever year to BIG oil companies, and they showed the larget profit in the US of any company.

We have sold off, traded or given away more of the US in the last 6 years then in any other 25 years before.

Do you know that the US is contracting our navy ships to foreign companies, we buy our military guns from Briton, and bullets from another county. Our air plane parts for the F16 come from Japan. We even buy our AMERICAN FLAGS from Japan and China, that fly over the White house.

I could go on and on. However, the problem is our Government has SOLD us out, and we are now fighting to just live day to day. Unless your one of the rich or in office.

If we went back to the way thinks were done in the 60's with our Government and stop with ALL this foreign Immigration and put out illegals, and stop NAFTA and charge tax to companies that left the US to bring there items back to sell we would recover within 2 years and we again would be the strongest nation, but for now we the UNITED STATES and BUDWISER are up for sale, or have been sold.

SO ITS OUR FAULT BECAUSE WE KEEP LETTING OUR LEADERS s***w US. Got any LUBE.

On top of that we owe China about 1 Trillion dollars and Japan 500 Billion WE borrowed to help fund the war and bail out big companies. WE wouldn't have had to do this if our GOVERNMENT had a head on the neck.

Answer 5

Hope so!

Answer 6

That demand will be economic disaster ONLY if the liberal congress continues to deny us the right to drill our own oil

We have several TRILLION barrels of oil under our own soil but the envirowhacks will not let us get it.

Yaya, I know. We won't see a drop for 10 years.  

Bull.

The world price of oil would plummet the day after we begin to drill.

Yaya, the oil companies already have permits to drill on 85 million acres but are not doing it.

Bull

The federal government is, in effect, guilty of fraud. They accept the lease money and the annual rents but have refused to grant permission to drill there. Hackett implied that some oil had been found that would be worthwhile to extract but since they cannot drill the consumer sees no benefits.

James T. Hackett, President and CEO of Anadarko Petroleum Company

Answer 7

I still think we need to get it out of Alaska, I know some would disagree. We need to eliminate our dependence in the middle east. Than we better work fast and come up with electric cars or whatever a engineer or scientist can come up with. We don't have enough public transportation like Europe does. I don't like tains, but maybe we need passenger trains for the time being. Just my idea. We need something in the outer city where people use more gas commuting.