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alstry (< 20)

Oil OVER $114.00



May 02, 2011 – Comments (4)

That means gas will be OVER $4.00 per gallon pretty much everywhere this week......and food prices will continue to rise....and more people not working in Food and Fuel will see revenues decline and workers will be fired.

Welcome to the world of increasingly worthless currency.......until one day, currency is really no longer an effective tool of trade.

Thank you Benny and your Zombulation policies....

4 Comments – Post Your Own

#1) On May 02, 2011 at 10:13 AM, chang07 (39.61) wrote:

At least for 1 week, consumer sentiment will be positive with the death of Osama Bin Laden.  Hopefully, for 1 week, Oil over $114 won't matter, and for 1 week, gas over $4/gallon won't matter too. I'm really shocked that the increasing numbers of electric and hybrid vehicles haven't reduced our consumption! And, if you agree with OPEC's sentiments, the bottleneck is oil, but refineries. So, when will a new refinery in the US be built? Not in time for gas to hit $6/gallon at this rate. Is a refinery a shovel ready project? Would a new refinery built with advanced manufacturing and refining technologies receive gov't sudsidies or tax credits under the Obama's energy policy?

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#2) On May 02, 2011 at 10:22 AM, alstry (< 20) wrote:

Consumer sentiment is simply a mathematical equation....

If the currency in consumer's pockets can buy basics and allow them to function.....all is fine.

If currency can't buy basic necessities for survival....all heck will mathematically break loose.

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#3) On May 02, 2011 at 12:07 PM, chk999 (99.96) wrote:

Visited multiple malls this weekend. The parking lots were jammed.

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#4) On May 02, 2011 at 12:30 PM, alstry (< 20) wrote:

It is not about me anymore....people will spend as long as government will print....the more government prints.....the less value currency will have.......

the less currency will purchase....the less people will buy.....

right now there are millions of people not paying their mortgages so they can shop at the mall and buy Food and Fuel.....

let's see how long it can last............................................

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