All the more reason to frack and drill for more of our oil and gas, and get more trucks converted to be able to run on either diesel or LNG.
With dip shiite in the White House, I won’t be surprised to see this prediction come true.
Accounting for 10% monetary devaluation (US $1.4 T deficit against $14 T GDP), that increase is virtually all ‘inflation.’
Great! By then the oil and gas rich states should be rolling in dough, while those run by Democrats and their enviro-nazi base should be begging for the few pennies left in the US Treasury.
FLASH!: Anyone can make predictions and some idiot blog or paper will report them. How does this guy know the future?
Drill here. Drill NOW. Build Keystone Pipeline. Frack all we can.
Let the rest of the world drink their damn oil; and eat their damn sand. We should be energy independent. And, only the (lack of) will of the spineless political class and the elected aristocracy stand in the way.
That is just inflation, thank dumBO and the Fed.
There’s no need for the distractions and obfuscations. Due to globalism in business and politics for over three decades, east Asia and other countries will continue adding manufacturing, other production and hundreds of millions of new drivers. That’s the situation that we have to work with now.
And we (the West) will building a large manufacturing base again in the very near future and decreasing the current insane paradigm of commuting. The default process will take care of the contemporary tyranny of gossip and regulations against healthy behaviors. Deal with it. We’ll be making parts and products in every neighborhood, NIMBYs.
not while we’re getting record amounts at home.
...will be building, even.
Keeping the supply down in order to please the muslim oil producers.
I am retired from the industry and the barrel cost I read off the gov report 2 years ago was $28 per barrel to the refinery. The frack scare is 98% BS started by lefty enviro-nuts (who are funded mainly by guess who? OPEC!), and who have since admitted it wasn’t actually true. We’ve been fracking for years with no serious environmental issues, besides a few isolated shady drillers dumping the slurry mud someplace they shouldn’t have, but that is rare and against the law. HAZMAT cradle to grave laws hold everyone accountable and requires written records. To not use the oil we have in the US is complete suicide to what’s left of our economy. It could drop the price of fuel by more than half and create thousands of new jobs in the US. Anyone who disagrees is just begging to put the final nail in the US working man’s coffin. Research the facts and learn the truth instead of repeating some made-up crap propaganda handed out by the lefties. God Bless America!