OIL $134.00 up $4.66 just today

[Sourdough]

There is no question in my noodle that it is happening. We are in a "HAPPENING", and will look back in 3 years and say, "why was it so hard to see, why I was I so slow to react".....?.....:o

[RobertRogers]

Yeah, and we will look back at the current prices and wish they were this low again.

[LeaveThisLifeGuy]

i'm just gonna buy a bicycle:D

[Rick]

I've always wanted to be in a "happening" kind of place. Guess I made it.

[mike k.]

This time around is different, Instead of settling down to some level, the cost just contiues to be pushed higher each day. If we see $6 to $10 gal., many things in the economy will shut down. And if its bad here, what about the rest of the world. Many of those people have even less income to spend. A collapse can be triggered.

[Ole WV Coot]

i'm just gonna buy a bicycle:D

I just flat out refuse to work my legs off to give my rear end a ride. It just ain't civilized.:rolleyes:

[grundle]

I am so happy I live within walking distance to both my work and the grocery store. I really don't need to drive except for Sundays

[Sourdough]

This time around is different, Instead of settling down to some level, the cost just contiues to be pushed higher each day. If we see $6 to $10 gal., many things in the economy will shut down. And if its bad here, what about the rest of the world. Many of those people have even less income to spend. A collapse can be triggered.

What gets me is people are just standing around with the deer in the headlights look, I don't know if this will trigger a collapes, but it is going to be very, very different the few years, with the highest inflation ever.

There is action that people can take...........

[grundle]

Few from the current generation knows true hardship. They will do nothing until it is too late. Mark my words. I was fortunate to have been raised by a man that grew up poor and knew what it was like to be desperate for food, warmth, and living another day. Even with the upbringing that I have had, I never had want when I grew up. But what I did learn was that I will do everything I can to prevent it from happening to my family. That means a higher dependence on the LAND, a lower dependence on the moneylenders (i.e. no debt) and a strong work ethic.

[Tahyo]

The first 22 years of my life were growing up in some pretty hard conditions compared to many others. Wasn't till I moved away that I fell into better times, and I have never ever forgotten where I came from and the "doing without" we endured with no regret. My wife watches this economy and asks me occasionally what will happen if this happens or that happens. I tell her that things will get hard, but I've never forgotten the lessons learned years ago.

[Rick]

Uh, gee, Grundle. Sounds like a dose of good common sense to me.

[grundle]

Uh, gee, Grundle. Sounds like a dose of good common sense to me.

It may sound like common sense to you, but the majority of my generation will starve if the grocery store stops giving them food. If it gets bad, them city folk are going to perish from panic.

I cannot express how profound that phrase "Be prepared" is to me. Every time I see one of you mention it, I think on it more and realize I still have more to do before I am "prepared".

[Sam Reeves]

When oil was $60 a barrel gas was $2.50 a gallon. Now that oil is $134 a barrel gas is $3.80 a gallon. Can somebody explain the math to me?

[Ken]

When oil was $60 a barrel gas was $2.50 a gallon. Now that oil is $134 a barrel gas is $3.80 a gallon. Can somebody explain the math to me?

Yep. The ratio is 1:0.912. When you factor in state and federal taxes, which haven't risen on par percentage-wise with the base price of the product, the oil companies/producers are actually making more $$$ per barrel than they did when the price was $2.50.

[Sourdough]

Also gaoline is sold on forward futures contracts, generally 60 days forward. Todays pump price reflects $86.00 to $91.00 per barrel oil.

Expect $5.75 by the end of summer.