$150 oil and $5 Gas in Summer.
That doesn't make sense.
If OIL is $150,
gas should be $6 or higher,
as they can always raise gas higher on
"unexpected" explosions of pipelines or some
other CHIT that the media can
invent to sell news.
Now, how about the price of milk, eggs and bread?
How do you think the poor Europeans are surviving?
The higher the EURO goes the lower their standard of living,
resulting in more DEBT and DEBT just to survive
from today to tomorrow.
And yet, they also have to import their oil and natural gas.
USA still has the huge untapped oil reserves...
Now, imagine poor people in Africa, Asia, Latin America surviving
as the price of food continues higher and higher
on US$ depreciation!
They should all protest against the FED!
Egyptians are still rioting.