12-19-2015, 10:07 PM
(This post was last modified: 12-19-2015, 10:09 PM by dmcowen674.)
12-18-2015
Mark this day as yet another day towards to complete and total collapse of the U.S. at the hands of the Corporates and the Congress they control.
$200 oil and $10 gasoline will become the new "normal"
The real kicker will be if the U.S. refineries completely close down and have to import gasoline, then expect a gallon of gas to be $20 a gallon or higher.
Congress lifts 40 year old ban on oil export
The biggest losers, if oil prices spiked, would be U.S. refiners. Their margins would get squeezed as input prices rose and consumers cut back on the finished product, gasoline. Energy analysts are forecasting low prices for a long time, so maybe we’ll never find out what will happen when American oil hits overseas markets. But oil markets have a way of surprising everyone, and Washington may have unleashed more than it realizes.
Mark this day as yet another day towards to complete and total collapse of the U.S. at the hands of the Corporates and the Congress they control.
$200 oil and $10 gasoline will become the new "normal"
The real kicker will be if the U.S. refineries completely close down and have to import gasoline, then expect a gallon of gas to be $20 a gallon or higher.
Congress lifts 40 year old ban on oil export
The biggest losers, if oil prices spiked, would be U.S. refiners. Their margins would get squeezed as input prices rose and consumers cut back on the finished product, gasoline. Energy analysts are forecasting low prices for a long time, so maybe we’ll never find out what will happen when American oil hits overseas markets. But oil markets have a way of surprising everyone, and Washington may have unleashed more than it realizes.