You're right, those growing economies get the blame for more than
their share of the cost of oil. But in the long run, it doesn't
matter. They are growing, and fast, as our economy and currency
recedes. If the impact from China and India are not really making the
difference they are said to make, it's just a matter of time before
they do.

It's like I was telling my daughter tonight. She was born about the
time of the first energy crisis. Oil caused everything to go up. As
soon as it reached a new peak, they repriced everything in the grocery
store, never mind that it would be weeks or months for the cost
increase to actually filter through the economy to the shelves. Any
uptick in the price of oil was used to tack fifty cents on to a gallon
of milk because "the container is made from oil."

Just watch over the summer as corporate america goes wild with surcharges.

Jim

On 4/23/08, J Stewart <fonman4277@comcast.net> wrote:
> <But will it bring down the
> price of oil enough to offset the HUGE demand that India and China are
> putting into the market? I doubt it. No one knows, but watch out.>
>
>
> BULL! Propaganda from the American Petroleum Institute, which runs dozens of
> commercials an hour on the radio here in the Washington DC area justifying
> the cost of gasoline. Does anyone remember the year 2006? Spring and summer
> that year gas shot up to as much as $3.50 a gallon. We were told it was the
> demand from China and India that was causing it.  Then, as the fall
> ELECTIONS got closer, it dropped back down to under $2.00 a gallon. What
> happened to the demand from China and India? We are being SCREWED folks!
> Adolf Hitler said it best..."How lucky for those in power that the people
> don't think" Vanagon content: on the way to Everybus and back last weekend,
> 600 miles round trip, I used a shocking amount of fuel, about $150.00. Other
> trips this summer will be closer to home!   Jeff
>