Originally Posted by
rickair7777
Not very likely. Our economy is dependent on global oil and global oil economy.
But it is nice to know that in the event of a serious national security situation we can at least fuel a war economy and military operations indefinitely. Unlike say Japan in 1941.
It certainly is.
Let’s say oil trades globally a modest 15% higher than prewar averages for the next 18 months. Higher energy expense gets passed into just about every staple consumer item. Including cost of borrowing. Growth slows, stagnation and lowered quality of life fuel political unrest. Dogs and cats scrap over the next regime of lying losers to vote for. Southwest acquires AA
