decoflair

Barron's Banks on $100 Oil

I thought at the time gasoline prices rose to $1.00 a gallon that we Americans would do what was necessary to wean ourselves off of the financial strangulation of buying Middle Eastern oil. We became complacent and paid the $1.00 per gallon. Again, I was quite confident that we Americans would bite the bullet and realize that we need to reduce our addiction to Middle Eastern oil when a gallon of gasoline rose to $3.00. I was wrong again! This scenario may be play out in similar fashion. The price for a gallon of gasoline will drop under $4.00. We Americans will be so relieved. Within a year or two, $4.00 will be the accepted base and we will continue with our complacent ways of allowing ourselves to be financially strangled and squeezed of our hard earned money. To paraphrase POGO, we have indeed met the enemy, and it is us!