It isn't the weak dollar. The price in Australia is sky high, too, and their dollar is strong. It is speculation. And, yes, the problem was created during the Bush Administration. Oil was $20 a barrel when Clinton was president. The price was not fueled by politics. It was set by OPEC.
banks come to mind, obviously. companies like coca-cola. any US company that can penetrate indian and china enmasse. but i have been paying 0 attention to stock over the last 5 years and was buying silver and gold as my budget allowed. that was an obvious investment choice that most average folks ignored. but of course now it is "hot" and that is when i bail. i just just sensing that this website is very very liberal with all that comes with that type of thinking. doom and gloom. the current president is evil. save the polar bears. more wealth distribution by the govt to the point of socialism. me? i am conservative more or less. i try to do what everyone else is not doing investing wise. Like refraining from buying a house until this point in time. Now things are starting to look better. it just all depends on the person. doom and gloom to some is oppportunity for others. high oil. we have seen it before.... watch the govt change how futures are bought and speculation will cease. for example you can buy oil futures on margin with as little as a 5% equity position. oh, what is stocks you say? 50%. but lets see how it all plays out and for how long. but then i have been doing all the talking and some have simply been taking shots at me buying a prius is a smart way to save money as i plan to hold onto the car for years if not a decade. it had very little to do with being in the prius cult. but i am thankful for this community which has already taught me a lot about my car.
