Posted on 06/23/2010 7:16:54 AM PDT by blam
Does The Gulf Spill Mean The U.S. Is Headed For Gas Lines, Higher Food Prices And A Broken Economy?
Michael Snyder
Jun. 23, 2010, 6:09 AM
As the Gulf of Mexico oil spill crisis enters a third month, the economic impact of this environmental nightmare is starting to become clearer. The truth is that the "oil volcano" spewing massive amounts of oil into the Gulf has absolutely decimated the seafood, tourism and real estate industries along the Gulf coast. Not only that, but energy industry insiders are now warning that the chilling effect that this crisis will have on offshore drilling could precipitate a new 1970s-style energy crisis.
Considering the fact that the U.S. economy was already on incredibly shaky ground even before the oil leak, the last thing we needed was a disaster of this magnitude. But it has happened, and the reality is that the long-term effects of this crisis are potentially going to reverberate for decades.
The American people certainly have a negative view on the impact that this oil spill will have on the economy. According to a new poll, about eight out of every 10 Americans expect the oil spill to damage the U.S. economy and drive up the cost of gas and food.
But is a new 1970s-style energy crisis really a possibility?
Could we actually soon be headed for blackouts and gas lines?
[snip]
(Excerpt) Read more at businessinsider.com ...
The 'erf is full of it like a tick about to pop!
Delivery systems are only getting better & better.
The greedy oilers deserve a 'gulf' clap for being able to keep the price as high as is it is right now.
Well that’s the plan anyway.
Actually,...
The Government’s Response to the Oil Spill (among other government actions) Means The U.S. Is Headed For Gas Lines, Higher Food Prices And A Broken Economy.
Does The Gulf Spill Mean The U.S. Is Headed For Gas Lines, Higher Food Prices And A Broken Economy?
Everything the America hating evil bastard does adds up to those things. The Gulf Spill is only one of the Crisis’ he won’t let go to waste to take down America.
Does The Gulf Spill Mean The U.S. Is Headed For Gas Lines, Higher Food Prices And A Broken Economy?
Only if 0bama has his way.
What is happening in the gulf is going to affect everyone in this country. And if those rigs leave, like Beck said last night, they are not coming back.
We didn’t have lines at the pump, back in the 70’s, because of a shortage of oil, we had lines because of government price controls.
Obammy and his radical friends dream for everyone....except them.
Ordinarily, the answer would be a qualified ‘NO’, but since 0bamao intends to exacerbate the problem for his own purposes, anything is possible.
If 0 has his way it will. They’ve now stopped Louisiana from using the sand “bars?” to block they oil. LA was moving the sand and it was working. The goof-offs in the EPA fear that it’s going to harm the environment. Well shut my mouth, I thought that’s what the blasted oil was doing?
I’ve never seen so much stupid in one place...our gov’t, and especially the EPA.
My dad was a pilot then, he spoke of oil tankers full of oil (low in the water) just waiting out there.
I have a feeling it will be worse than the economy of the 70s. Jimmah cattah is smiling.
Obama is “Carterising” the US again. If it was OK for Carter, 0 seems to want it to. Sounds like another misery index again.
Yes, because 0 is seen as week and overwhelmed, it won’t take much of a effort to start hostilities:
1. North Korea sinks another South Korean vessel?
2. Iran runs the blockade?
3. Argentine invasion of the Falklands?
4. Russian Invasion of ?
Some of the above
All of the above
Others?
"MISS ME YET?"
If oil prices rise significantly the pain will be felt worldwide.
O will get the blame.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.