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Oil Passes $143 And Asia Reporting More Inflation

Mon Jun 30, 2008 at 08:40 am
By jamie

We all know how dim of news the oil prices are, but what does Asia's new inflation problem have to do with us? Think out sourcing. If inflation is high in Asia then the American companies that decided to ship their manufacturing overseas now have to pay more, not only in transportation from shipping costs, but now for the cost of doing business in Asia.

This global economy is coming back to really bite us in the ass, and it's the people of this country that are paying. I don't really see how it can easily be remedied either.

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A good way to combat these high prices is to try and show Big Oil that each American can make difference. If everyone decides together to boycott one company, Exxon Mobil, the entire industry will listen.

I’m part of a campaign to boycott Exxon Mobil, the current leader in profits during this energy crisis. It is hosted on The Point, a new social action website. Check it out here www.thepoint.com/campaigns/send-a-message-to-the-oil-companies

Hopefully, we can all do something about this terrible injustice

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