Watch this space
Now I am not talking the American oil crisis lightly – there are so many people in the US that I would love to help, but cannot – it is just impossible. But one way that those people can get help is, even though I hate to say this, is that they need cheaper gas to get to work etc, heat homes come this winter etc.
The US NEEDS to become energy independent – even though the price of oil is going to shoot down over the next few weeks. If that oil price is passed on to gas customers alls good, for the very short term! Alternatives are just as applicable now as when oil was 140+ a barrel. Will we learn now what we should have back in the 70s? Let’s hope, eh?
But how is the price of oil going to drop so dramatically even though the environmental areas are not raped by the oil companies?
Investors had bought oil and gold to protect against dollar weakness but they are now unwinding those positions.
The euro has been further undermined by military conflict in Georgia that could disrupt European markets.
Ron Paul said “Get back to the gold standard” even I agree with that. The Republican’s will decimate the US economy in the idea that ‘The Free Market” works – it does, for businesses not the population – and it is a citizen that means more than business – unless you are a Republican in office!