Originally Posted by
Copper Head
I am not rich enough to not feel the pinch at the pump but I see I don't think like i used to like back in the days before scraping i was always pissed at the price of fuel how it was hurting to pay .Then I started to see how connected fuel price to metal price is Now when i see fuel go up I know its time to get busy - As fuel drops so does my inventory value. Funny thing was recently when the price at the pump was hitting a high i said to my father in-law prices of metal are great with the high fuel prices . He said to me so we all have to suffer for you to make good buck with metal
I'm seeing this from a Canadian perspective, we have a lesser population and were paying $1.19 upwards for a liter at the pump, 4 liters is almost the equivalent to an American gallon. The USA has millions more in population which reflects on the price you pay for fuel which incidentally is much less than i pay.
I foresee fuel rationing as the masses loose their income, savings sucked dry and very few jobs the refinery's will lay off workers having skeleton crews at the refinery's that remain in production, the oil fields will halt exploration work then as our oil reserves become low rationing will come into being. If I had oil shares in my portfolio I wold be thinking about selling.
There's something blowing in the wind, they say the best way to weaken you enemy if to flood their economy with counterfeit money or in the case of China manufacture goods that last less than a week - same game Charlie.
Because we all had become so accustomed to living in a throw away society it was an easy task to overtake the world with worthless junk. The brains behind this knew that the baby boomer money would not last forever.
I've been wrong before and hope i am again with my prediction.
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