Sunday, October 12, 2014

My thinking - Gas prices

Gas has dropped to bellow $3.50 a gallon (in California) and looks to be dropping even farther. The world economy needs oil to sell at $100 dollar a barrel to fund most of it's socialist governments. If oil keeps dropping this will spell trouble to many countries around the world specifically Russia, Iran, and Venezuela. I think these countries will lash out in some fashion. Could we see the spark of greater regional conflicts? When countries get in trouble they go to war to distract their populations. Every country on this planet has done this in one way or another. Buckle up people, it is going to get interesting if the price of oil keeps falling.