US Economy is hot.

[Opti]

Talk about being right on top of current affairs...

A poll about Oil Prices is on the front page of Gallup.com today


A quick read of their piece ( http://www.gallup.com/content/?ci=11827 ) still suggests to me American's are not anywhere near as concerned about Oil prices as they once might have been.. People may be talking about driving less.. and it making a couple things harder... but i dont see people seriously suggesting Oil prices alone will kill the US economy... or car makers shutting down.. or anythign even similar to the panic of the 70's oil crisis... I wonder if that event scared Americans so much it has taken this long to get over it or forget.

Check this out...

Reasons for Higher Prices

There is no widespread consensus as to why gas prices have risen. Twenty-two percent of Americans speculate that oil companies/big businesses want higher profits and 19% cite the war in Iraq, 9% say OPEC or Saudi Arabia is manipulating the oil supply, 8% attribute the increase to simple supply and demand, and 7% say it's politics.

"9% say OPEC or Saudi Arabia is manipulating the oil supply" <--- this indicates to me Opec are soon to be a spent force.. they have traded on scaring Americans economically for decades!