i would buy a bike. Wait im going to do that at 5.00

 

The recent dramatic rise in pricing has nothing to do with supply and demand at all. The money market, the crapped out economy in the USA and the high number of investorships in north america looking for something to put their baby-boomers retirement money towards is the problem. From 2002 to 2012 there is a massive amount of people retiring - upwards of 30% of the workforce - so I'm told and these people may or may not have RSP, 401K, pension etc. type arrrangements. As such they need something to make money for their life style survival.

Here comes big oil. They have a huge banner a great advertizing campaign and all of that. Put your money with us and watch it grow. More and more people get on board, speculate the price of futures and BOOM watch it go. This is all a BIG WHAT IF. To me is very much like the ENRON, the negative mortgage markets in the USA and a great example of smoke and mirrors to everyone involved. This value is only on paper. To come close to what the speculators are saying it will be worth in 2 or 3 months the value at the pump has to rise to make that actually happen.

If the value at the pump didn't go up, the investment market would crash, people would be economically devisated and we would be in the next great depression. Not something I want to think about.

Anyway, back to what was said, will it ever be $10 a gallon - you can bet on it!

 

If gas makes it to $10... what will a loaf of bread be? $6 or so??? A pound of ground chuck $14.50???

 

And they will be giving truck and suvs away.