Need help becoming debt-free?
L.O.I.R.E. Recommends...

Financial Peace: Revisited
by Dave Ramsey
ISBN-13: 9780670032082
Sales Rank: 3828
Pub. Date: January 2003

What’s Your Price?

Republican front man Rush Limbaugh recently posed a really interesting question on his morning AM radio talk show.

He asked his listeners to consider if the oil giants in the Middle East decided they would inflate the price of oil to amounts even more substantial than they are right now, at what point would they refuse to pay it.

His inquiry was made with undertones attacking the Democratic Party for what he feels is their participation, if not spearheading, of the United States’ 25-year moratorium on drilling off the Gulf of Mexico as well as other remote locations but was good food for thought in general – regardless of political affiliation. (FYI, Mr. Limbaugh - that moratorium actually enjoys a bi-partisan backing).

What is your cut-off price? If fuel should reach a high of $10.00 per gallon, would you purchase it or would habit and complacency or perhaps even necessity promulgate you to continue to buy the overpriced crude?

Said Limbaugh, “[The oil producing nations] can have all the barrels of overpriced oil they want, but if [Americans] quit buying it, it’s worth nothing”.

Once again, it’s just something interesting to ponder. Will we, as Americans allow the so-called powers that be to render us financially helpless in a situation where we as consumers really do have a say-so. More importantly, will you as an individual draw the proverbial line in the sand as to how much you’re willing to pay? What's your price?