Gasoline is now about 50 to 75 cents a gallon below what it was earlier this summer. Instead of paying up to $4.25 to $4.50 a gallon here in California during the spring and summer I was paying about $3.50 to $3.75 a gallon so instead of paying $60 to $80 for a fill up instead I was paying $25 to $50 for a fill up. So, especially if you are driving in California and likely the rest of the U.S.,expect to save 50cents to 75 cents a gallon.
If you are wondering why this is happening let me explain. The primary funder of ISIS (not the government but the common people is Saudi Arabia. They are angry beyond anything I can write here at Iran and Russia but primarily Iran which is their neighbor for killing so many Sunnis and destroying their lives in Syria and Iraq. So, anything Saudi Arabia can do to destroy the oil economy of Iran and Russia they are more than happy to do at this time. Right now, they are doing this by glutting the oil market with oil at really low prices. Some oil speculators believe the price of oil will go to Zero which is sort of hard to believe, especially after seeing $4.25 to $5.00 a gallon at times here in California.
However, people's and economies based upon oil outside of Russia and Iran also are going to be hurt by this. Also, it could be a way for Saudi Arabia to basically (Control) the oil market and to control who is drilling for oil or going for shale oil. It also is a way of putting the competition on all levels out of business for a year or two at this point or more. It is a way for Saudi Arabia to control oil and the price of oil into the future.
However, the support of ISIS is also likely to eventually overthrow the government in Saudi Arabia which is what is paradoxical about all this. So, the governments of Iran, Saudi Arabia as well as all Shia or Sunni governments might fall in the middle east over time through groups like Al Qaeda, ISIS and other spinoff groups. It is unknown how this all will turn out 5 to 10 years for now.
However, just expect at some point for oil to be going to zero and at another point being about $20 a gallon or more worldwide the way all this is presently moving over the next 10 years or so.
So, this could cause the deaths directly and indirectly of millions and billions of people both inside and outside of the middle east which is why this reminds me a little of a world war scenario over time. However, it is more of an economic war on a worldwide basis and a bloody war for now in Syria, Iraq and Libya and Lebanon. The most likely cause of death for most people is going to be starvation over time because of high oil prices in the future of the next 5 to 10 years unless things radically change from their present trajectory.
To the best of my ability I write about my experience of the Universe Past, Present and Future
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