Quote:
Originally Posted by classicman
I think what he,in fact, many of us want to know is if you could make your point in less than 10,000 words and 3 consecutive posts? just askin
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A post without numerous supporting facts is nothing but wild speculation.
I don't post sound bytes. However those posts are only a sound byte - an abridged version - of what I learned before obtaining those conclusions.
I don't know how to know something without numerous supporting facts or examples. Also why I could see through George Jr myths about Saddam's WMDs, mythical undercapitalized electric grid creating electrical blackouts, and the stupidity of Man to Mars.
Still to come from rising oil prices are significant electric rate increases, beef prices increasing maybe to double, and (as suggested by JP Morgan's top man) a 1980s recession. Only way these can be averted is a significant reduction in world oil consumption. Nothing suggests that is possible. Instability in so many major oil producing nations (Nigeria, Iran, Iraq, Venezuela) imply markets may even get worse.
One look at the Detroit Auto show also suggests so. Most all new products are big SUVs, the more inefficient pickups, vehicles based in politically hyped and technically foolish alternative fuels, 300+ Hp V-8 engines, and no significant technological innovations. Nothing implies oil price increases will be averted. Bad new for BrianR and his peers. Be thankful that gasoline prices are so low as so many should have been last year when it was only $2.60 per gallon.