Wednesday, May 28, 2008

Ben Stein says it'll be over $10 a gallon

I was watching the Glen Beck show on headline news on tv. He had Ben Stein as a guest there and was doing a promo for his new movie Expelled which is advocating intelligent design. I also enjoy Ben Stein's column in the financial section of the New York Times. I usually read it through nyt.com .

Anyway, Glen Beck was bemoaning that we are paying $5 a gallon some places like California already and that we could be paying $10 a gallon or more. Ben Stein said, "Oh. It'll be more than that." Since he is a financial columnist he is someone who has the financial credentials to take seriously about this.

As a psychic, if it goes to $10 a gallon, I would say it will come within 3 to 5 years or much sooner depending upon a multitude of factors.

For me, the saddest thing for the whole world is how many millions will die because of this worldwide. And any of the children of those who they watch starve to death will not forget. What will come of this I'm afraid will be about 100,000 Bin Ladens. This will likely come in about 30 years. Scary but true. Seems to be all but inevitable now.

Because those children and parents who watch their loved ones starve to death will study how it happened and how investors caused their death by moving their money from the dollar and dollar based stocks and investments to oil and food commodities and as a psychic I'm afraid they might research who these big investors were and target them one by one. Not being one of these big investors now might save ones life in the future. Even if I weren't a psychic this isn't rocket science folks just pure human nature.

Note: in the year 2000 the average gas price was expected to be $1.45 a gallon and the summer before it had been $1.17 per gallon. So at $10 a gallon we would be looking at an almost 1000 percent increase from 2000 to the present. How can any nation survive that realistically?

My internet source for the above paragraph was:

http://www.eia.doe.gov/emeu/steo/pub/special/summogas.html

2nd note: The short term energy outlook for the US as of may 6th 2008 is at:

http://www.eia.doe.gov/emeu/steo/pub/contents.html

There are also links here to global output as well.

No comments: