Everytime something happens in the middle east, we all end up paying for it at the pump. I'm sure you have heard the talk about 5 bucks a gallon by spring now that Iran has cut off oil to Europe and France. Forget about the fact that our use is down, and with the mild winter there has been a lot less oil used for heating that stayed in the chain. However, the oil companies are shipping this stuff to China and India and still making a good buck off of all of us at the pump. When all is said and done, I"m sure they will report record profits again like the last time gas prices went to 4 bucks a gallon. Time will tell if the Iran problem will turn into another war, which will cost the country in more than dollars...
On a day that GM has record breaking profits of 7.2 pretax billion in North America alone, Mitt Romney is in Michigan blasting the auto industry bailout that saved the auto industry. The bailout, which were all loans, saved GM and all the jobs after they downsized as well as the parts supply chain that would of been wiped out. All 47500 blue collar workers will get a $7000 profit sharing check, that will also have a big impact on the local economy. If we listened to guys like Romney GM Lordstown and GM itself would of been closed and the machines sold to China or someone else..