“It won’t be as bad as you say but it will be very bad. This is how a once great nation commits suicide. The people lose their clarity, pride and vision and decide to indulge themselves in feel good environmentalist fantasies. They reverted to infantilism and scummy leaders like Hussein Obama took advantage of it.”
I agree with what you say except what makes you think it won’t get that bad. I had the same problem 6 years ago when I was trying to figure out how banks could stay in business when they were losing $250k in each foreclosure in California...and I was right there.
Just because it hasn’t happened does not mean it cannot happen - we may not hit $25 gas...but I’d be really surprised if we can keep it to $10.
A weak dollar and inflation here will send up gas and oil prices here. But as far as oil going to insane prices in all currencies. I don’t think it will happen. New supplies will come out of the woodwork if Arabs produce less. There will be a tremendous incentive worldwide to drill and explore and produce when oil is at $200/barrel and at prices below that
Of course I would feel better if we didn’t have Obama and Democrats in charge of US energy policy. They are saboteurs and the young people here don’t know any better....with the poor educations they got