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11:38 November 21st, 2007

Will $100 crude force Americans to conserve energy?

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Posted by: Richard Valdmanis
Tags: Grains Insight

With oil prices flirting with the $100-a-barrel mark, analysts are wondering how much the U.S. consumer can bear.  

A Reuters/Zogby poll released Wednesday shed some light on the question, showing that more than three-quarters of Americans will cut fuel use or slash spending on retail and entertainment if their energy bills keep on rising.

Do you think $100 crude will force Americans to conserve?

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One comment so far

November 27th, 2007
8:31 pm GMT

People adjusted to rising prices back in the 70’s. They will do the same again. Yes, there will be plenty of whining and complaining. But in the final analysis, Americans are consumers at heart. They will pay the price. This is why I am still long the energy market.

- Posted by Bruce Allen

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