Quote:
Originally Posted by Shazam
$200 oil would spell the end of the world economy.
If anyone truly believes we're heading to $200 oil, move to an acreage, drill a well for water, put on some solar panels, buy as much guns and ammo as you can, and learn to grow your own food.
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$200 will happen. That is one thing I know for sure. Oil reserves are depleting by 6% per year so what does that give us 20 -25 years or being more optimistic 30 -35 years and we aren't finding any new oil. Mexico is out of oil within 7 years not to mention other major fields in decline. Supply and demand. Also in inflationary times people move to hard assets and that is what we are beginning to see happen here. I agree that inflation is going to force us to live differently.