Well, you know, obviously oil is going to spike here, I mean, but I want people to keep in mind that when we've looked at past oil spikes where oil is priced over 100, I mean, the country right now is much wealthier. And just yesterday, you know, someone who I think is pretty good is Tom Lee.
He came out with a study that showed that wallet percentage where the cost of gasoline and energy as a percentage of wallet in this price spike is only 3% were in past price spikes, where it's been over $100. It's been, you know, 6 to 8%. So I do think we'll get through this oil price spike. You know, I think we will have elevated gasoline prices for a while, but I don't think we're going to quite get to the point where there's going to be a lot of demand destruction.
Imagine when the dinosaur fossils are entirely depleted and supply is scarce and we haven’t moved to another energy source yet. Folks will be complaining “damn this $50 a gallon gas, why hasn’t anyone looked into something else yet.” Hoomans..
Well they have , and desiel also
So California is already Choking
Investment 'expert'
Not unless you have a huge house payment, car payment, and toys payment!
Not true
Why don't you ask the small time family? I guess they don't matter, especially when there are illegals jumping over the boarder.
We pay £1.79 ltr, twisting about $5 a gallon a would give me right bollock for the equivalent of £1.02 a ltr 😂😂