[Michael Barnes]

People continue to think narrowly about "oil". Its not just gasoline were talking about here, that is a very small subset of the petroleum business by and large. ALL prices will go up as a result; everything. There is not too much in your house you can touch that has not been touched by a petroleum by-product at some step in its origination.

Folks here clamoring for 8 bucks a gallon gas or 200 bucks bbl oil are in for a shock at how quickly this country will tail spin (and how quickly our strategic reserve is DRAINED).

Buckle up, things you hold near and dear are about to become a WHOLE lot more expensive.

[DemforBush]

“Its not just gasoline were talking about here”

Absolutely. Kerosene, diesel, LPG gas, the base chemicals for most crop pesticides/insecticides/fungicides, plastic soda bottles, road asphalt, the list goes on and on. We’re going to get hit from every angle if petroleum prices soar and stay there for any length of time.