Economic Wake up Call!

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SlugSlinger

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I am reading analyst expecting there will be $200 a barrel oil by the end of the year. When you have multiple analyst saying the same thing, it just seems to happen. Imagine the impact of $200 a barrel oil on everything you buy.

You want a wake up call? Listen to this guy. You’ve got a lot of people with their head in the sand. Like the media and the president. But if you’ve studied economics or history, you will see the indications of the destruction of our economy. If you include energy and food in the inflation numbers, that the .gov thinks is a good idea to leave out, we are at 26% annual inflation. This is going to cripple those on a fixed income.

 

SlugSlinger

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Supply and demand impacts oil more than inflation. Oh, and let’s not forget opec and the oil producing countries that hate us.

There is a lot more to this post than the price of oil.
 

Boehlertaught

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The list of prices that go up with $200 oil is beyond prices at the gas pump. But it seems that the general economy of OK is better when oil is higher. It definitely makes my gas patch job more secure and 4he company busier.
 

filbert

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I have a sailboat, I would recommend it when gas goes up. Its doesn't use a lot. Actually my outboard quit so I am even sailing in and out of the harbor. If somebody has a small outboard for sale I would be interested.
 

John6185

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Oil...many, many products are made from petroleum, plastics, clothing, various parts for appliances, cars etc, and then the use of fuel for farming equipment... Prices are going up across the board. Remember OBiden said we are to eat one hamburger per month and beef is going up. The liberals are calling the shots and it is going to interfere with not just what we are used to but impact us adversely in many ways.
 

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