How are you going to like $5 and $6 gasoline next year and $10 gasoline by 2012? †That canít be true, can it? ††Ten years ago oil was between $10 and $20 per barrel. †Last year it started at about $50 per barrel. ##M:MORE##
Two months ago it hit $100. †Last week it topped $135. Today it is $138. Do you see a trend here?
The two governmental agencies that are charged with forecasting oil supplies have just awakened. †In the past they just forecasted demand and figured producers would match it with supply. †Guess what? †Supply is getting harder and harder to provide and while our demand is flat, the emerging worldís demand is growing exponentially. †So much so that these same agencies, i.e., the IEA and EIA, †are now forecasting major shortfalls before 2012 if OPEC doesnít open the spigot.
You can treat this in two ways, i.e., business as usual ó in which case we are in for a major societal, economic and personal catastrophe ó or take a good long look at how your families, communities, and society are dependent on cheap energy and start making the required changes now. †The writing is on the wall. †Will you heed it?