Quote:
Originally Posted by coolman
Big oil and the ultra high gas prices is what killed GM. They were completely invested in SUVs and trucks and overnight the landscaped changed and nobody wanted low gas mileage SUVs and trucks. Gas prices are going to go back to $4.00 and even a lot higher, and this will then show who has their ducks in a row or who will be sinking in the pond.
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In the short term, yes...one could argue that fuel prices were the "spark" that set off last summer's catastrophic events. I like to look back long-term, though...what I was referring to goes back decades....