Dr. Mercola's website: Oil Barons Continue to Rape U.S. Economy

[Raster]

http://articles.mercola.com/sites/articles/archive/2008/06/28/oil-barons-continue-to-rape-u-s-economy.aspx?source=nl

Gasoline prices have reached a national average of $4 a gallon for the first time.

Across the South, Southwest and the upper Great Plains, the combination of low incomes, high gas prices and heavy dependence on pickup trucks and vans is putting especially heavy pressure on family budgets.

Some farm workers are borrowing gas money from their bosses so they can get to work. Some are switching jobs for shorter commutes. People are giving up meat so they can buy fuel, and gasoline theft is rising. Drivers are running out of gas more often, leaving their cars by the side of the road until they can scrape together gas money.

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http://articles.mercola.com/sites/articles/archive/2008/06/28/oil-barons-continue-to-rape-u-s-economy.aspx?source=nl
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Irregardless of your personal opinion of Dr. Mercola, his website and newsletters have huge readership. Another example of how the Internet has inherited the mantle of the Fourth Estate.

[ShaneGR]

1. Common misconception, it's not "oil barrons"... it's retirees....

Most pension fund managers have been slamming their money into oil for a while now. In a bear market, the managers always consolidate their investments to fewer safe bets. Oil futures are one hell of a safe bet.

[truedelphi]

3. Yes, a safe bet. Just as the housing market was the safest market

And the good ol dot com market right before that.

[truedelphi]

2. But of course, it is not a speculative bubble. It is a new economy, this economy

Already the "experts" are telling us that due to peak oil, OIL PRICES have only one direction they can go and that is up!!

Already investment advisers are telling people to invest in oil.

It is not like the dot com bubble - clearly we all saw what a fallacy that one was. (Prices for dot com stocks could only go UP!)

Nor is it like the mortgage/housing industry bubble (Clearly a new economy - be sure and buy a house today - prices can only go up!)

SO PLEASE call whoever it is that handles your company's pension funds and let them know that you want your pension fund to join in the bubble, er the new economy!!

After all, if investments are not handled properly, we Baby Boomers could be broke just as we need to retire.