Mr. Cohan, meet Mr. Roberts (previous post) & if I read his point correctly he cites the rising price of oil even through the last round of raising interest rates as refuting the correlation between interest rates & oil prices.

When President Clinton was faced with rising oil prices he sold from the strategic reserve.

The reasons for high oil prices are:
a) VP Cheney met secretly with oil company executives to set prices without competition.
b) Bush and Cheney and Rice lied to start the Iraq war to:
1. take control of Iraqi oil,
2. take Iraq oil off of the market to raise the price of oil,
3. create more demand for oil by the high fuel usage by military vehicles such as ships, aircraft, tanks, etc., and
c) Big corporations like Hillary's Wal Mart take manufacturing and jobs to China are helping themselves to cheap labor while they create a communist demand for oil.

ACTUALLY...... Looking back at 1978, gas was $ 0.50 cents a gallon and nice cars cost $ 5,000.00.
GAS is now at $ 3.75 GALLON and nice cars cost $ 38,000.00. I think OPEC thinks that if Americans can afford $ 40,000.00 cars, they can afford $ 4.00 a gallon gas.

GAS is going to continue to rise until Americans get rid of their huge SUV's and any car that weights over 2,500 lbs. If that doesn't work..., get a second job to pay your fuel costs. By the way driving at 55 miles per hour saves anywhere from 25 to 40% of the fuel in your tank, so you can drive much farther on a tank of gas. I drive 55 miles an hour on the freeway and get to my destination only 3 to 4 minutes later.

If the government were serious, we would have programs in place to counteract the high oil prices. 1) Tax incentives to purchase vehicles that achieve over 30-35mpg.
2) Additional taxes on vehicles that get less than 20mpg
3) Ethanol is a huge mistake. Admit it. It takes more energy to produce (in addition to driving up food costs)
4) Develop mass transit between major cities (high speed rail system)
5) Smart Cars (over 40mpg) available for low-cost daily rent at rail terminals

We are seeing the demise of the US because of incompetent politicians and fraudulant corporations.

Yeah, the American consumer and his near inelastic demand have nothing at all to do with the rising price of gas. It's just Bush's fault.

Why dont we stop pouring expensive oil into the reserves? Let the arabs know we will buy no more until they drop the prices. They can eat sand until they do

I COMPLETELY AGREE WITH THE ARTICLE. LOWERING THE INTEREST RATE ONLY HELPS FINANCIAL AND LARGE INSTITUTIONS. IT IS VERY NEGATIVE ON AVERAGE AMERICAN. OTHER THAN PAYING HIGHER PRICES WE GET LOWER INTEREST RATE ON OUR SAVING ACCOUNTS. PROMISES ARE MADE TO AVERAGE AMERICANS DURING ELECTION AND AFTER THEY ARE IN OFFICE THEY PANDER TO LARGE POWERFUL INSTITUTIONS.

The paradox is gas will rise and people will try to conserve giving the oil companies to gain billions more in profits in the future.
Americans must see that the president sides with corporations and big business - and made the excuse that we should have tapped into Alaska and it's congress who voted it down years ago.
America should have attacked Iran the true terriorist country - and sits on an untapped oil reserves. And again the village idoit will listen to bad advise from his cronies. His hideous speeches show that he is caught like a possium eating s*!t.

just allowing domestic off shore and alaska exploration would crack the speculation and lower gas prices and raise the dollar ...but noo to placate rabid environmentalists .we'll have to wait til oil hits 200 a bbl to do the obvious..by then the public demand for lower prices will override the green and ethanol lobbies...

bush is a oilman beween line and he is the reason that gas in so high trying to fund a war that should not have happen and when someone say work another job that should not be the case I pull 5 hours a week and take care of my mother 15 hours a week the cost of living is to high I make good money I still live check to check with do nothing extra work and go home its the gas prices the food price the bills I will happy when Bush is out