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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: James C. Mc Gowan who wrote (541)	8/31/2005 8:20:32 AM
From: anyer	Read Replies (2) \| Respond to of 50626

My scenario: Crude peaks this week: Demand killing event as price of gasoline and availability curtail driving and economic activity in general. Meanwhile tankers back up with no way to deliver crude. Crude glut a possibility until gasoline normality returns. Consumer tapped out. Several hundred thousand vehicles won't be driven any time soon. No jobs for these people. Thumb twiddlers? 5 billion out of consumer each month with gas up .75 in last week. Commercial costs up even more. Heating oil and NG to hit soon. Up to 20-25 billion per month[2% GDP]whacked off in a flash. Still climbing as it ripples through food supply. Would not be surprised to see gasoline rationed or price controls placed soon.Harvest time soon in the midwest and if the river is not open, extreme difficulty getting crops out not to mention other commerce disruptions. Kiss this economy Ciao! All experts still optimistic! This is a demand killing event extraordinaire. I thought it would take something like war or bird flu to kill demand, but this should suffice. Extraordinary Popular Delusions and the Madness of Crowds as pertinent today as in 1851.