Energy prices seem to be relevant to the economic well-being of the US.
The increase in energy prices does not bode well for the economy. In fact, the Saudis increased production with the reasoning being to avoid a global recession.
(Not to help GWB with his election. That WASN'T the stated reason.)
When the deficit spending is factored in, the balance of payments problems, the dollar falling against other currencies, this economy is being stimulated to an unprecedented degree.
And that can't go on forever. Maybe until November. And then, problems.
And, it's interesting that you don't think energy prices are important. We'll see, won't we.
Arf
