Whose afraid of OIL PRICE$?
In reality, only about 3% of americans "really" CARE about the price of gasoline at the station. I mean it is somethingelse new to complain about besides the weather or their hair ,or their boss, or their spouse, or WHATEVER! Think about it. $3-3.75 fuel. So it maybe costs $15-$30 more a week to drive. If your raising a family your expenses go up by the thousands yearly and you never hear people agonizing about that-but thats just an acceptable part of life. We as Americans expect cheap fuel. Low Taxes, And high quality products at reasonable prices. I'm sure if your reading this and are over 30 years old you know as well as I do those days are long gone forever. GOODBYE!The simple truth is The world is not by any means close to running short let alone LOW on oil at all. The whole Oil-price monopoly game is strictly political. Unlike other commodities it really has NOTHING to do with supply and demand (although no one in authority will ever admit it)
Truth is Countries all have big egoes, the more oil-the bigger it is. USA motto: Buy oil-stimulate economy through commerce and trade. Iraq motto: sell oil (at their own convenience) and buy gold. Iran motto: sell Oil: Buy prospective international currency/GOLD/SILVER. The list goes on for a long time but you get the general idea.
Does this sound like a possible scenario? Political disturbance errupts in mid-East. George deceides to intervene. Oil prices rise steadily. Interest rates inflate like a hot air balloon. People stop spending money. Companies are forced to lay off large numbers of employees. Crime rates rise. National budget deficit climbs higher. THE US DOLLAR BECOMES EVEN MORE WORTHLESS! PRECIOUS METALS SKY ROCKET!!!!!!!!!! HIGH OIL MEANS HIGH GOLD, SILVER, PALLADIUM, AND PLATINUM!!!!
posted by Gold Futures @ 1:14 AM
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