Bankruptcy for Delta and Northwest?

Uh huh, those high oil prices won't impact the economy much at all. Greenspan is really going out in style with yet another great prediction. Just as Greenspan should have voiced concern about the reckless tax cuts for the wealthiest Americans, he should have been more honest about the negative impact of this administrations reckless oil policies. His failure to be vocal on conservation rather than gluttony is starting to show a negative impact on the US economy.

Sure the traditional airline industry in the US is bad but with the bad news on Wall Street yesterday from former favorite Best Buy, we might be in for a bumpy ride. Worse yet, Chinese imports of petroleum have been declining for a few months and oil producing countries are at or close to full capacity with drilling and yet prices still continue to rise. Besides conservation, the options are limited.