Tuesday, April 05, 2011

So...what are you going to do when gas hits $15 a gallon?

So. You thought things were bad and getting worse right now? What will you do when gasoline reaches $15 a gallon? Read on below, because that is exactly where it will be if we allow the governments and the speculators to jack the price to $300 a barrel.

Of course, a lot more than just the economy will shut down should that happen. I foresee the outbreak of global war should the price of oil rise to those levels.

Oil could hit $200-$300 on Saudi unrest-Yamani

By Emma Farge

LONDON, April 5 (Reuters) - Oil prices could rocket to $200- $300 a barrel if the world's top crude exporter Saudi Arabia is hit by serious political unrest, former Saudi oil minister Sheikh Zaki Yamani told Reuters on Tuesday.

Yamani said he saw no immediate sign of further trouble following protests last month calling for political reforms but said that underlying discontent remained unresolved.

"If something happens in Saudi Arabia it will go to $200 to $300. I don't expect this for the time being, but who would have expected Tunisia?" Yamani told Reuters on the sidelines of a conference of the Centre for Global Energy Studies (CGES) which he chairs.

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