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The Coming Energy Wars

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posted on Jun, 2 2008 @ 03:36 AM
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Things are being predicted to get really bad economically. This article mentions food prices doubling soon, Jesus! That's 5.00 for a loaf of bread, 10-12.00 for a gallon of milk, 20 bucks for a 3 lb pk of hamburger, you can just imagine the implications of food being in short supply AND very expensive.

snippet from source :


there are more changes to come. So far the price shock has triggered the most obvious consumer shifts in the United States. Europeans, already greener, are also are buffered by a stronger currency, and Asians are protected from the spiking price of oil by subsidies that control the impact on gas prices at the pump. But if oil prices continue to rise, and the subsidy dam breaks, as seems likely, the energy revolution now transforming America will spread. "We sailed through $80 a barrel," notes energy authority Daniel Yergin, author of "The Prize: The Epic Quest for Oil, Money and Power" and chairman of Cambridge Energy Research Associates. "But that doesn't mean we'll sail through $200 a barrel. That sort of price would have enormous global consequences."



Link: www.newsweek.com...

How will you and your family cope?




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