Posted by davpal on May 21, 2008 at 21:40:21 from (216.93.97.1):
In Reply to: Oil Inflation posted by Spook on May 21, 2008 at 14:25:03:
I am hoping it puts an end to this urban sprawl for a good long time. People might just have to band together and stay home with mom and dad for a lot longer and not go out and be breeders just because they can. World is getting too busy, too crowded and too many broke in debt people putting a huge load on the system. Stay home, stay single and have a little money for a change. We have so many uneccessary houses built around here on a whim. They break up a nice piece of farm ground to put up a huge house with a 50 year mortgage and get divorced in 3 years. Never had any intention of ever paying off the place or even staying there. All these 25 year old geniouses are thinking they are going to get rich quick by building a house and selling it for a quick profit and building another one and getting a one time tax break. Now the economy is tough and they can't pay the ARM and are bankrupt and divorced. High energy prices are going to force us to act responsible about our lives, not like a bunch of free for all hooligans that burn 5 gallons of gas to go get a mountain dew and some smokes. Life is going to change for some of us. Change and disparity can also create opportunity. I have seen a lot of tremendous deals on items that stupid people financed and couldn't afford and are now trying to sell at any cost. It's a buyers market out there right now. There will be a lot of opportunity for bright people to market fuel efficiant devices for homes and automobiles. Wind engery, solar, geothermal, wave energy. Going to get interesting. And the fossil fuels are just going to keep going up. I would bet on $10 dollar a gallon gas in less than 20 years.
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