Just a little over two months ago, I asked readers here at Irregular Times to predict how soon the price of oil would break the level of 100 dollar per barrel.
Some predicted too soon: By the end of that week, or by Thanksgiving. Some predicted too late: June, 2008.
Today, the matter is settled. The price of oil has gone over one hundred dollars per barrel.
One brokerage described the surge in oil prices as “bullish extravaganza”. Those of us who have to pay for the high price of the fossil fuel economy aren’t thinking of an extravaganza.
Shall we shoot for $200 now?
i can just hear the auctioneers monosyllabic repetitious chant: gimme2gimme2gimme2hunnerdabarrellemmeheara2 . . .
as they drive the price up once again so that everyone who doesn’t have much or is on fixed income, or struggling to keep up with two incomes not making it any more simply go under a little faster. How soon before there’s noticeable droves of homeless people and families? How soon before homeless gangs become a threat (what would they have to lose)?
Well, I think we definitely should keep track of it. Perhaps we had better start moving at 25 dollar increments. $125 by the end of the summer? I wouldn’t doubt it.
But, it’s not going to be homeless gangs that threaten. It’s going to be carless people who are the most desperate, I think.
Remember Peregrin – it isn’t just GAS that’s effected by these high oil prices. How are people supposed to keep up if the basic unit of energy (the gallon of gasoline) causes EVERYTHING else to go up as a result: food, medicine, heating fuel, and all the commodities SHIPPED by truck, van or car will also include a surcharge, as will anything MADE from oil. This is CATASTROPHIC and it will cause SEVERE problems in the not too distant future (from business down to personal problems). Society is beginning to unravel already.
Stay tuned.
Actually, I agree. And, cold homes in wintertime will be one of the first places people will make their sacrifices.
Yet, the Republicans aren’t supporting John McCain, who has the most genuine claim of all the Republican presidential candidate to accepting the challenge of global warming.
The Republicans are living in an industrial fantasy. The Democratic candidates aren’t. They’re talking about the problem and offering serious proposals.
I’m an independent, not a Democrat, but I recognize this difference.
don’t worry, the price of oil won’t have to go up any more:
http://blip.tv/file/520347
in the meantime, consider eating local food, and working against more trucking. they have a seriously powerful lobby, but they really don’t need to win everything they ask for.