The price of crude oil is rising, but once again what has this to do with our wage claim?
Not alot. The word on the street is the price spike is as a result of speculators. The latest rise is due to some indiscreet comments about attacking Iran by an Israeli defence minister at the behest of a corrupt prime minister struggling to stay in power. The latest acceleration in prices is as a result of speculators once again. It's sentiment, not any real supply vs demand crimp.
AND, the US economy is slowing, according to Prez Dubya. If it's slowing, the world economy will slow, as will demand. If supply is maxed out and demand decreases, then simple economics states that the oil price will fall.
So hang tough. GD knows all this and is milking the current high prices for all they're worth. He had $125 million in the bank to waste on beating us. So lets help him chew through it!