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Are high oil prices good or Bad?


               
2009 Jun 17, 2:03am   879 views  0 comments

by TechGromit   follow (1)  

 http://money.cnn.com/2009/06/09/news/economy/oil_prices/index.htm?postversion=2009060915

 http://www.getreallist.com/why-low-oil-prices-are-bad.html

 Ok, Im confused, when oil prices were $150 a barrel, it was bad for our economy, then prices dropped to around $30 and it was still bad for the ecomony. Now prices are raising again, and it's bad again for the ecomony. Make up your frigging mind, are high gas prices good or bad? You can find plenty of stories supporting both views.

If there is a happy price medium, perhaps government should to regulate the price. While it's true that the United States government can not set the price of oil on the world market, they can take steps to stablize it. If oil is too low, a special oil tax could kick in to support higher oil prices. When prices become too high, some of that cash used to prop up the oil price could be used to lower prices and so on.

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