The computer decided this morning a part Coonass is listening, I better play some Coonass music....Wayne Toups, D.L. Menard, Jo-El Sonnier....And for some reason it is playing The Waterboys ( Scotch-Irish Band, often play folk music....)
Prepare yourself folks......
It is fixing to get bad.
I know I have been saying this, but it is.
Already in Southeast Asia the price of oil is $200-220 a barrel. And the price of oil here could grow to that point.
What would that mean here? $6-7 dollars a gallon for gasoline....and diesel? $10-11 a gallon. And that's here in the U.S.
I can see demand for hybrids and Toyota Corollas, Honda Civics, Subaru Crosstrex, well. a demand for those vehicles. No longer cool to drive a SUV....
And right now the oil market is being somewhat propped up by nation's reserves being released, and that is only temporary.
Europe is going to run out of jet fuel within the next month. You would be amazed at what travels via air, and if it is Europe, it is going to hit the rest of the earth. I already saw a fuel surcharge on a flight of $500.
The lack of fertilizer is going to cause starvation, especially in places like India, Southeast Asia, Pakistan, Africa, South America. And prices here are going to skyrocket, the old Supply and Demand.
Australia is out of diesel. And they are a major producer of agriculture products, especially wheat. And most of their products go to China. Trust me, I have been in a grocery store ( Yes, they are just like our stores, then again, I was with some posh folks.) in China and about 40% of the products were from Australia and New Zealand. And what do combines, tractors, etc work on? That is right, diesel.
They are conservatively talking about 50-250 million people starving to death...
Then how many people just cannot find a job right now? I was watching a YouTube program in which there are now 50+ application for coffee barista positions in many areas.
Ai is going to take 1/3 to 1/2 of the white collar jobs and CEOs are now saying that robotics is going to take a lot of the trades jobs.
And I am not even talking about the natural gas disaster that is about to happen. Many of the electric generating power plants run on natural gas. How much will you electric bill be this summer?
Look for a mass migration north. And yes here, in desperate times, desperate people will do anything.
Right now we are sitting pretty good, but from this chair, my economics " spidey sense " is me worried for the future.
Okay, I have already had morning prayer, but I am so concerned, I think I will go and talk to the Divine again....
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