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Author Topic: "Oil prices to double by 2022, IMF paper warns"  (Read 959 times)
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WhiskeyGirl
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« on: May 14, 2012, 07:48:00 PM »

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"Our prediction of small further increases in world oil production comes at the expense of a near doubling, permanently, of real oil prices over the coming decade," the report's authors concluded.
 
"This is uncharted territory for the world economy, which has never experienced such prices for more than a few months."
 
They said that research suggested energy accounted for up to 50pc of overall gross domestic product, meaning "the implications of lower oil output growth for GDP could be very large."
 
Persistently high oil prices are already threatening the global economic recovery according to a director of the International Energy Agency.

read more here- http://www.telegraph.co.uk/finance/newsbysector/energy/oilandgas/9265272/Oil-prices-to-double-by-2022-IMF-paper-warns.html

No pipeline?  No drilling in the Gulf?  No oil sands?  Shale?

Generational poverty?  Hopelessness?  Where is he opportunity?

We have a president's wife who wears outfits worth thousands of dollars to homeless soup kitchens.  In everyday families in Obamaville, they worry about inflation at the Goodwill and Salvation Army store.  How to afford another $2.99 for a top for their children?  Rising price of food?  A car trip to the food pantry?  How many homeless are losing their transportation and mobile homes?  I imagine the Obama's have never worn used clothing or shopped at that Salvation Army Family Store.

We have a president with children who worry about who can get married, based on the families of their friends.  The Obama children go to an elite Quaker school.  Likely no one there shops at the Salvation Army Family Stores or Goodwill.    These are the elite of the elite at that school. 

Yesterday's Quakers lead the way to freedom.  They were business people and gained a reputation for fair prices and fair dealings with everyone.  They walked the walk and the talk of their beliefs.  Yesterday's Quakers were among the first abolitionists.  Many searched their conscience about slavery and slave ownership.  They walked the talk and freed their slaves--they took a stand that impacted them financially and didn't ask for a bailout or special interest status and government welfare.  There were some that failed the test...

What exactly do the Obama children learn at their elite school?  Raise taxes and take everything from working people?  Take their wages, their work, steal their life savings through inflation and government debt?  Steal opportunity and prosperity from future generations?  Maybe they teach the Obama girls that they are special, an elite class that will always have privilege at their disposal?

Communism/socialism for everyone except the elite...

Sorry America, no pipeline or oil for you...Al Gore needs his private plane fueled for the next 20 years.

just my humble opinions
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All my posts are just my humble opinions.  Please take with a grain of salt.  Smile

It doesn't do any good to hate anyone,
they'll end up in your family anyway...
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