[quote]Prices are dropping right now to keep us from absolutely falling on our faces. My short version enyhoo.
From the USGS 4/2008
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>>>*I remember getting laughed at when I said gasoline would be under $2.00/gallon by Christmas. It was teasing $4.00 at the time. (Wish I had been smart enough to think of stock funds, though) *Like, DUHHH. *EB getting old, it seems.
The reason is simple, the entire world runs on energy, and oil is the big one. The USA is the big market, too.
Yank an extra $50/100 out of every pocket while raising the price of EVERYTHING and that adds up to everything from inflation to adding to the housing "crisis" (note I have that one in...quotes.
It actually isn't the total cost of oil, it is the suddenness of the increase because $100+/barrel oil is a tad behind the true inflation rate.
Well, if we look back at 1973 to into the 80's, anyway.
Thus the economy takes a dump, and that means people...begin to stop..buying oil products. Can't make the house payment, can't buy a car. Stock market tilts quickly when things head south. Walmart doesn't buy so many toys from China, 1400 factories there close within weeks...
Arab goes.."OHOH! Camel needs hay!" and the price goes down. *Bit over simplified but not by far....*LOL**..
Add in oil is based on dollars and dollars are devalued???
Suddenly oil shale looks interesting, it's been well known we have that reserve for as long as I can remember. The island we live on is an oil shale dome underneath, most of the Oregon coastal range is.
*Hmmm...I wonder if my apple cider press would squeeze some out?... <img src="/forums/images/graemlins/smile.gif" alt="" />...probably not...
The whole situation is a bit like two guys tugging on a rope. Price goes up, good for alternatives. Price goes down, good for the economy.
*Somebody will win in the end...*EB
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"Would be hella cheaper than a gasoline from up here, and without the Russians being involved."
*....Yep!...*EB
