Quote:
Originally Posted by 7thsfsniper
I have heard several different analysts(cnn and fox) say that we are only a small step away from $10 a gallon gas. ie, Something that interrupts production or refinement such as another Katrina or some other natural disaster. The other would be a mideast situation that results in more speculation and panic.
What do you think would happen and how would that affect some of the current views expressed above?
|
This would severely disrupt forward progress in India and China. It would hurt the West, but not as much as the major developing economies. Europe would be better able to cope since they could turn off some of their taxes so that the macroeconomic impact isn't as great as in the US. I'd expect to see lots more Prius on the road and dozen of new nuke plants in the US in about 10 years as well . . .