Reply to $7/gallon gas is coming

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Oil experts now predict that oil could hit $150/Barrell soon with the geopolitical tensions in the world :

https://www.msn.com/en-us/money/markets/here-comes-247-gas-prices-warns-oil-strategist-in-dire-outlook/ar-AATWzAL?ocid=BingNewsSearch

How much more inflation will Americans be able to tolerate? Food and fuel are skyrocketing.  Housing costs are skyrocketing. $7/gallon will be the straw that breaks the camel's back.  I remember back during 2007 when gas got really expensive and there were tons and tons of problems with thieves punching holes in people's gas tanks.  Brace yourselves for history to rest itself.  What plans does Biden have?  The federal reserve is asleep at the wheel doing nothing to control inflation and has singaled that they're going to do everything possible to prop the stock market up while regular Americans suffer.  Biden ended the pipeline, which will look horrendous if gas hits $7/gallon. It is extremely frustrating watching prices at the grocery store, utilities, and to fill up the car go up and up and up.

This is also a consequence of adopting all of the moronic prescriptions by liberal academic economists who preached globalism like it was a religion and they we'd all be better off outsourcing our manufacturing because of some hocus pocus effects of comparative advantage.  Yeah, look how well it stretching supply chains all over the planet has worked out now. Not only is it a massive national security risk they we rely on these stupid supply chains for everything, any disruptions send prices skyrocketing.  We should have never gutted our manufscitng base because leadership listened to those fools.

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7 dollar gas?  Try 10 or 15 dollar gas.  It will come.  But is all short term.  I would not worry about fuel as an inflation issue.  yes it is an issue but fuel will come back down.  [b]No one should worry about this.  [/b]

Your other points do not make a lot of sense.  Fed is not favoring stock market over inflation.  Globalism is here to stay -- supply chain issues are not because of globalism,  In fact we are about to embark on globalism on steroids after this war and after we come out of covid.  [/quote]

Peak DCUM[/quote]

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