PLN 17

One of the most dreaded news an oil investor can hear is Oil passes $98 on weaker dollar . This was the title of a BBC news article today talking about oil prices and the ever weakening dollar. As some have noticed the gas prices have recently risen to an unbelievable high of three dollars and are still going up. What does something like this mean for America? Soon oil prices will hit 100 dollars a barrel that is inevitable. This matters to me because I will get my drivers permit soon and soon gas prices will be a problem of my everyday life. With the war weakening the U.S. dollar many wonder if we should begin to focus more on the economy and stop spending billions on the war. I think we should not only because I want the soldier’s to come home but if we do not do something we might go into another depression. Which leads me into why this should matter to others? While in a recession the economy has been falling apart. Colorado homes themselves have been very hard to sell. Adding it up oil prices, home prices, stocks doing badly. This sounds like an ongoing depression. What do you think?