Subject: U.S.$6.50 per gal is real cheap
HI I live in Australia and I am amazed at what Americans think expensive oil is, where I live (Katoomba just outside Sydney) I've been paying around $4.50U.S.D for unleaded Gasoline for many years now, but in say London or Paris it's around $8.00 per Gallon and they have been paying that for a very long time. A U.S.$6.58 price is not going to have a great effect on your economy just a short term hardship until you switch to vehicles of say 1.3litre in lieu of 3.5litre-5.0 litre SUV's. The Large Auto producers are already history and the Japs and Koreans will have G.M, Ford and Chrysler out of business unless they rapidly adjust to a smaller vehicle size. Americans are going to have to adjust to European vehicle sizes in a time frame of only 3-5 years.