Gasoline prices would drop less sharply, and head back up in a few months.
Would this be peak oil?
Gummint stockpiling food, ammo, oil.
Interesting.
If this be the case, why are we still importing Arab oil???
Well, I got some mason jars....................
We should be OK for awhile - I filled the car this morning.
2 Elisha replied to her, “How can I help you? Tell me, what do you have in your house?”
“Your servant has nothing there at all,” she said, “except a small jar of olive oil.”
3 Elisha said, “Go around and ask all your neighbors for empty jars. Don’t ask for just a few. 4 Then go inside and shut the door behind you and your sons. Pour oil into all the jars, and as each is filled, put it to one side.”
5 She left him and shut the door behind her and her sons. They brought the jars to her and she kept pouring. 6 When all the jars were full, she said to her son, “Bring me another one.”
But he replied, “There is not a jar left.” Then the oil stopped flowing.
7 She went and told the man of God, and he said, “Go, sell the oil and pay your debts. You and your sons can live on what is left.”
I’ll offer up some basement space if they are interested.
But no, we don’ need no pipeline!
If refined products were storable, I’d be buying 5-1000 gallons of it to put away for retirement.
excess can also be pumped back INTO the ground for later retrieval
Well, two days ago in Cincinnati the price was $2.12/gal and today they are $2.39/gal.
Everywhere but California.
Gas prices soar in California as supply shrinks
http://finance.yahoo.com/news/gas-prices-soar-california-supply-shrinks-213436057—finance.html
There’s plenty of oil to invade, occupy and denazify Iran then.