“They want to crash the greenback, make us beg for new IMF tokens.”
Actually, if we get out of this mess at even $300, I’ll be happy.
The way I see it, the cut-off of Mid-East oil (which will hit mid-March) will drive the price up to $300, maybe a bit more...then it will sloooooooooly drop as demand and supply shift to compensate.
But also, even without a cut-off of supply, the crash of the dollar will have us paying $300 also (basically, the dollar will lose two-thirds of its value in the world market).
If the two are put together, then we’re looking at $900 oil, or about $25 per gallon. Hard to believe, but they’ll have to add a digit to the pumps again (like when we broke the buck on gas).
Obviously at that price, big, big changes are in store for the United States and they will NOT be fun. But we will get to experience how the Third World lives...which has ALWAYS been the goal of Democrats and school teachers (I couldn’t help adding that one).
How long we stay in that mess and what we look like long-term is anyone’s guess. We have the ability to be the freest country on the planet, but if we spend our time blaming “Big Oil” we will not get anywhere...and may not pull out.
So, stock up now, on EVERYTHING. Prepare to ride out a storm that is still unimaginable for 99.99% of the country. It will be quite a journey.
(I’ll put this post into my profile page)
Made me smile, but yes, unfortunately, everything is right on track and running along fine according to some folks.
This could be our Egypt obozo say’s he’s not worried about it though.
When normal travel becomes most of a family’s budget the din of “DRILL BABY DRILL” will be deafening
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.
but they’ll have to add a digit to the pumps again.”
Wistful memory-Monday morning was fill-up time for my car and each of the kids cars. I remember screaming loud and long when the $.19/gallon gas wars ended and it cost more than $20 to fill all three of them. Of course my gross pay was only $500 a month. Those were the days!