God were you old enough to vote?Originally Posted by blacknightteg
If we used 10% of our reserves for 2 months it would force OPEC to start cutting costs. We could, in theory, get by with those figures safely and still leave the 90% for a crisis. Basically, production hasn't slowed but the demand has damn near doubled.
Only problem with that is when we stop using the reserves the price will shoot back up because the demand will be the same or higher. The only thing we can do is drive less. We are not only talking about gas here folks. The cost to deliver anything to anywhere just went up, and stores will up the price of their goods to cover the extra cost of delivery. The people that live paycheck to paycheck and barely getting by are going to get hit hard. They will start racking up debt, and then they will start losing things (cars, houses, jobs, apartments). Once they can't afford food what do you think they are going to do? Steal to survive. Then the cost of insurance goes up for everyone. It's a vicous cycle. Christmas spending will be down this year. People will start dumping stock of retailers. It's going to get worse.
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