Warning – $7 Gasoline Is On It’s Way

This is a must read – get your preps NOW!! Prices are going to be absolutely ridiculous soon.

“The bottom line is that, while $3.50/gallon gasoline was a cakewalk (just a catch-up after decades of after-inflation price decreases), $7/gallon gasoline will be nightmarish. Not because we can’t afford to pay $140 to fill our gas tank, but because we can’t afford to pay twice as much for the oil we eat, the oil we wear, the oil that drives our entire economy. And our economy is stretched so tight, and is so over-extended and over-leveraged, we have no room to manoeuver.”

This is exactly what I’ve been saying. The slack in the system is gone, forever. The slinky effect of oil shock and the price of food and essentials will literally put you and your family out of commission. Our society is going to be forced to contract, you’ll need to be a prepared as you can possibly be to endure this.

And here’s some more news that makes this claim 100% true: $80 oil this summer.

admin

admin at survivalacres dot com

3 thoughts on “Warning – $7 Gasoline Is On It’s Way

  • May 25, 2007 at 11:38 am
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    I’m worried that things will start seriously going hell in 2008. Norway traditionally lags one year behind economically, but with a more globalised economy I don’t have problems seing things going quicker this time.

    Silver and gold is the key to getting through this I think. When hyperinflation sets in (which it will do once the businesses start breaking down) people won’t accept dollars, because next day it may be worth only, lets say 1/10th of the original transaction value. The natural choice should then be the naturally limited commodities of precious metals.

  • May 27, 2007 at 1:59 pm
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    When (not if) Herr “Commander guy” performs his next ‘terrorist act’ (e.g., 9-11, Iraq WMD), then $80 bbl oil will be but a freaking pipedream. Take it to the motherbushing bank.

  • May 29, 2007 at 12:25 pm
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    Dave Pollard is always an excellent read, nice find admin.
    However, $7/gal gasoline translates into $140/barrel, not $80. I’ve crunched the numbers previously (based on refinery output per barrel and input costs). Robert Rapier (of R-squared fame) agreed.

    However, even that price is not that far off now. Crude prices are up nearly 600% since 1999, $140/barrel is only 200% of the current price. Linearly extrapolated (aka fudged) based on the last 8 years, $140/barrel and $7/gal gas is only 2-3 years away now.
    And collapse with it.

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