you whining liberal pussies.
the gas prices have nothing to do with "supply and demand". it's nothing but a markup on commodities trading that's artificially inflated due to heavy money inflow there because of shitty stock performance of the last couple years.
the second big cap companies reported profits (like this week) oil drops due to massive sell offs and return of cash to the stock market.
as alex23 (i think) mentioned, oil will drop, i believe to under 100 a barrell by the end of the year. let's hope i'm right.
i don't know about this "mad max" type shit that everyone's talking about. in the US , there's a demand for 250,000 new houses a year (in addition to housing). it's believed that there are 750,000 new & existing homes in excess of demand right now, meaning if no one built any houses for 3 years, we'd be back to "normal" within the housing economy.
thanks to rampant horrible lending tactics and greed, banks have lent money to almost everyone on the street who wanted a mortgage, once again causing a run up in prices that was artificial (much like oil right now). that bubble popped, banks got destroyed, and people got kicked out of the homes they couldn't afford in the first place.
besides, look at the worldly markets. european & asian markets are getting killed even worse, because at the end of the day, US still dictates the world. when us falls, the world falls harder.
this "crisis" is nothing but a cleanup tool , whether it's for inefficient cars we don't need, or black women with 9 kids buying mansions when they're on welfare. it'll all sort itself out in the end.
this isn't the first time it happened.
http://en.wikipedia.org/wiki/List_of_recessions_in_the_United_States