Originally Posted by Donger
And you're in the process of earning an MBA?
let me rephrase, im at the upper cusp of the middle class. my wife has MBA and im getting mine.
#1 college costs continually rise therefore putting the kibosh to many for their college hopes and dreams. interest rates are horrible, costs continue to grow exponentially. we simply cant afford to waste money buy driving unnecessarily
#2 as the gap between the haves and have notís grow during the assault on the middle class....the amount of debt carried skyrockets. thus the big deal with the possible credit crunch. once the bottom drops out and we have a credit crunch....the US consumers will no longer have the easy flowing lines of credit to waste. Which will then bring us to a long pit stop in "recession-ville USA"
with prices being so high.. how can demand be growing? baby boomers are driving less and will continue to do so as they exit the workplace.
wages arenít expanding anywhere near the REAL rate of inflation.
the public is pissed about oil and the price of gas.
while some driving is necessary due to we all cant work from home...people should be driving less.
based on all that i simply cannot fathom how ignorance is fueling this oil bubble.
in my economics class they say demand for oil is inflexible...i say thatís correct but only to a point. its not a straight vertical line...it may be steep but its not running north and south.
in the end im not saying it CANT be growing.....im just saying it makes no logical sense as to why anyone wants to shoot there foot off