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Does The Gulf Spill Mean The U.S. Is Headed For Gas Lines, Higher Food Prices And A Broken Economy?
The Business Insider ^ | 6-23-2010 | Michael Snyder

Posted on 06/23/2010 7:16:54 AM PDT by blam

Does The Gulf Spill Mean The U.S. Is Headed For Gas Lines, Higher Food Prices And A Broken Economy?

Michael Snyder
Jun. 23, 2010, 6:09 AM

As the Gulf of Mexico oil spill crisis enters a third month, the economic impact of this environmental nightmare is starting to become clearer. The truth is that the "oil volcano" spewing massive amounts of oil into the Gulf has absolutely decimated the seafood, tourism and real estate industries along the Gulf coast. Not only that, but energy industry insiders are now warning that the chilling effect that this crisis will have on offshore drilling could precipitate a new 1970s-style energy crisis.

Considering the fact that the U.S. economy was already on incredibly shaky ground even before the oil leak, the last thing we needed was a disaster of this magnitude. But it has happened, and the reality is that the long-term effects of this crisis are potentially going to reverberate for decades.

The American people certainly have a negative view on the impact that this oil spill will have on the economy. According to a new poll, about eight out of every 10 Americans expect the oil spill to damage the U.S. economy and drive up the cost of gas and food.

But is a new 1970s-style energy crisis really a possibility?

Could we actually soon be headed for blackouts and gas lines?

[snip]

(Excerpt) Read more at businessinsider.com ...


TOPICS: Business/Economy; Front Page News; News/Current Events
KEYWORDS: 7dollargas; bhoeconomy; bp; democrats; economy; gulf; obama; oil; oileconomy; oilspill

1 posted on 06/23/2010 7:16:56 AM PDT by blam
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To: blam
There still is (& always was & will be) a glut of oil.

The 'erf is full of it like a tick about to pop!

Delivery systems are only getting better & better.

The greedy oilers deserve a 'gulf' clap for being able to keep the price as high as is it is right now.

2 posted on 06/23/2010 7:21:13 AM PDT by norraad ("What light!">Blues Brothers)
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To: blam

Well that’s the plan anyway.


3 posted on 06/23/2010 7:21:24 AM PDT by facedown (Armed in the Heartland)
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To: blam

Actually,...

The Government’s Response to the Oil Spill (among other government actions) Means The U.S. Is Headed For Gas Lines, Higher Food Prices And A Broken Economy.


4 posted on 06/23/2010 7:22:02 AM PDT by SumProVita (Cogito, ergo...Sum Pro Vita. (Modified Decartes))
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To: blam

Does The Gulf Spill Mean The U.S. Is Headed For Gas Lines, Higher Food Prices And A Broken Economy?


Everything the America hating evil bastard does adds up to those things. The Gulf Spill is only one of the Crisis’ he won’t let go to waste to take down America.


5 posted on 06/23/2010 7:23:32 AM PDT by unkus
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To: blam
Does The Gulf Spill Mean The U.S. Is Headed For Gas Lines, Higher Food Prices And A Broken Economy?

Only if 0bama has his way.

6 posted on 06/23/2010 7:27:23 AM PDT by R. Scott (Humanity i love you because when you're hard up you pawn your Intelligence to buy a drink)
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To: unkus
Goldman: A Drilling Ban Would Destroy Half Of Gulf Oil Production By 2015
7 posted on 06/23/2010 7:27:40 AM PDT by blam
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To: blam
Not directly. But the "moratorium" will.
8 posted on 06/23/2010 7:27:42 AM PDT by outofstyle (Anti-socialist)
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To: blam

What is happening in the gulf is going to affect everyone in this country. And if those rigs leave, like Beck said last night, they are not coming back.


9 posted on 06/23/2010 7:28:44 AM PDT by Irisshlass
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To: blam

We didn’t have lines at the pump, back in the 70’s, because of a shortage of oil, we had lines because of government price controls.


10 posted on 06/23/2010 7:29:42 AM PDT by jdege
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To: blam

Obammy and his radical friends dream for everyone....except them.


11 posted on 06/23/2010 7:30:16 AM PDT by Dallas59 (President Robert Gibbs 2009-2013)
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To: blam

Ordinarily, the answer would be a qualified ‘NO’, but since 0bamao intends to exacerbate the problem for his own purposes, anything is possible.


12 posted on 06/23/2010 7:32:03 AM PDT by The Sons of Liberty (The 0bama regime represents an "Clear and Present Danger" to the US - Mene, Mene, Tekel, Upharsin)
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To: blam

If 0 has his way it will. They’ve now stopped Louisiana from using the sand “bars?” to block they oil. LA was moving the sand and it was working. The goof-offs in the EPA fear that it’s going to harm the environment. Well shut my mouth, I thought that’s what the blasted oil was doing?

I’ve never seen so much stupid in one place...our gov’t, and especially the EPA.


13 posted on 06/23/2010 7:37:55 AM PDT by madison10
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To: jdege
.."back in the 70’s,"

My dad was a pilot then, he spoke of oil tankers full of oil (low in the water) just waiting out there.

14 posted on 06/23/2010 7:39:57 AM PDT by norraad ("What light!">Blues Brothers)
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To: blam

I have a feeling it will be worse than the economy of the 70s. Jimmah cattah is smiling.


15 posted on 06/23/2010 7:41:37 AM PDT by Arrowhead1952 (Remember in November. Clean the house on Nov. 2. / Progressive is a PC word for liberal democrat.)
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To: blam

Obama is “Carterising” the US again. If it was OK for Carter, 0 seems to want it to. Sounds like another misery index again.


16 posted on 06/23/2010 7:41:59 AM PDT by Only1choice____Freedom (FDR had the New Deal. President 0bama has the Raw Deal.)
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To: blam

Yes, because 0 is seen as week and overwhelmed, it won’t take much of a effort to start hostilities:
1. North Korea sinks another South Korean vessel?
2. Iran runs the blockade?
3. Argentine invasion of the Falklands?
4. Russian Invasion of ?

Some of the above
All of the above

Others?


17 posted on 06/23/2010 7:45:46 AM PDT by updatedscreenname
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To: jdege
We didn’t have lines at the pump, back in the 70’s, because of a shortage of oil, we had lines because of government price controls. absolutely correct! who will ever forget William Simon, our first Energy Czar?
18 posted on 06/23/2010 7:46:29 AM PDT by nascarnation
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To: blam

"MISS ME YET?"

19 posted on 06/23/2010 7:47:12 AM PDT by a fool in paradise (I wish our president loved the US military as much as he loves Paul McCartney.)
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To: blam

If oil prices rise significantly the pain will be felt worldwide.

O will get the blame.


20 posted on 06/23/2010 7:47:43 AM PDT by Carley (For those who fought for it, freedom has a flavor the protected will never know.)
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To: blam

>>>>Does The Gulf Spill Mean The U.S. Is Headed For Gas Lines, Higher Food Prices And A Broken Economy?<<<<

Obama is doing his best to make that dream of his come true.


21 posted on 06/23/2010 7:49:53 AM PDT by Venturer
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To: blam

“Does The Gulf Spill Mean The U.S. Is Headed For Gas Lines, Higher Food Prices And A Broken Economy?”

Nope, Obama’s policies will ensure that.


22 posted on 06/23/2010 7:50:24 AM PDT by Grunthor (Getting married, T minus 3 days.)
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To: madison10

The disaster in the Gulf (not the explosion, but the continured release with blocked attempts at skimming and buffering) is a deliberate act by this Administration just as Jamie Gorelick got her 30million pieces of silver and Barney Frank got his Fannie rent boy toy to “look the other way”. The banking collapse was a key to the Democrats’ 2008 strategy and gave them the “crisis” needed to loot the national budget and pay out to supportive interests.


23 posted on 06/23/2010 7:50:49 AM PDT by a fool in paradise (I wish our president loved the US military as much as he loves Paul McCartney.)
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To: Only1choice____Freedom
OBAMALAISE

Can you feel it?

24 posted on 06/23/2010 7:51:37 AM PDT by a fool in paradise (I wish our president loved the US military as much as he loves Paul McCartney.)
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To: blam

A 1970s-style energy crisis is a dream come true for the lefties.

Anything that creates a ‘crisis’ is just a reason for a government excuse to seize control of yet another American industry to ‘big to fail’.

The left are eyeballing the energy and food industries as I type.


25 posted on 06/23/2010 7:56:46 AM PDT by Le Chien Rouge
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To: blam

ok who leaked Obamie’s Plans? hhhmm???


26 posted on 06/23/2010 7:57:33 AM PDT by Ancient Drive (DRINK COFFEE! - Do Stupid Things Faster with More Energy!)
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To: blam

27 posted on 06/23/2010 7:58:02 AM PDT by Momaw Nadon ("...with the ultimate goal of ending tyranny in our world.")
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To: blam

Yes, and this will happen just weeks after the Republican sweep in November. The press and the RAT’s will blame the newly elected Pubs and Bush, and the useless idiots that make up 60% of the electorate will believe them, leading to an Obama landslide in 2012.


28 posted on 06/23/2010 8:10:47 AM PDT by Labyrinthos
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To: blam

if the dear leader, dictator 0bama has anything to say about it the answer is yes.


29 posted on 06/23/2010 8:14:36 AM PDT by celtic gal
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To: blam
It won't be because of one well blowing out, although that is the excuse that will be used to implement policies which will bring about that result.

This administration won't be happy until Americans are living in mud huts so it can feel at 'home'. All those frame buildings will be burned for fuel...

Gas lines were the product of another failed 'visionary' Democrat in the White House.

In the meantime, the arbitrary establishment of the "Carbon Credit" as a means ofexchange will siphon trillions more dollars out of the pockets of Americans and into the coffers of Soros, Maurice Strong, Algore, and others, as the looting of America continues.

30 posted on 06/23/2010 8:32:55 AM PDT by Smokin' Joe (How often God must weep at humans' folly. Stand fast. God knows what He is doing.)
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To: Smokin' Joe
This administration won't be happy until Americans are living in mud huts so it can feel at 'home'.

You mean like Barry's brother?

George Hussein Onyango Obama
31 posted on 06/23/2010 8:38:29 AM PDT by Cheerio (Barack Hussein 0bama=The Complete Destruction of American Capitalism)
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To: norraad
Remember the old Democrat saw that there was not enough oil in the Gulf of Mexico to bother drilling and there was no use issuing more leases because the big bad oil companies weren't using the leases which they already had?

If nothing else, this leak has shown just how much oil potential there is in the gulf.

32 posted on 06/23/2010 8:51:25 AM PDT by Vigilanteman (Obama: Fake black man. Fake Messiah. Fake American. How many fakes can you fit in one Zer0?)
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To: Vigilanteman

We never needed a drop from the ‘other’ gulf, but after WW II elitists decided to only have wars in ‘other’ lands with no determined outcome, so ‘they’ had to have $ to buy weapons.


33 posted on 06/23/2010 9:01:22 AM PDT by norraad ("What light!">Blues Brothers)
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To: blam

No, we were heading there anyway.


34 posted on 06/23/2010 9:33:11 AM PDT by Spktyr (Overwhelmingly superior firepower and the willingness to use it is the only proven peace solution.)
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To: blam

Oil Spill? No. Obama means The U.S. Is Headed For Gas Lines, Higher Food Prices And A Broken Economy!


35 posted on 06/23/2010 12:08:59 PM PDT by TexasRepublic (Socialism is the gospel of envy and the religion of thieves)
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To: blam

Oil Spill? No. Obama means The U.S. Is Headed For Gas Lines, Higher Food Prices And A Broken Economy!


36 posted on 06/23/2010 12:11:59 PM PDT by TexasRepublic (Socialism is the gospel of envy and the religion of thieves)
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To: norraad
Unfortunately, I have to agree with you. We wouldn't even need a drop of oil from the Persian Gulf now if we made it Europe's problem (as it should be) and concentrated on keeping foreign domination out of the American hemisphere, a revived Monroe Doctrine.

This would start with protecting our borders and putting a bullet between the eyes of Hugo Chavez which, I am afraid, we are eventually going to have to do anyway at great cost in lives and treasure.

37 posted on 06/23/2010 2:07:23 PM PDT by Vigilanteman (Obama: Fake black man. Fake Messiah. Fake American. How many fakes can you fit in one Zer0?)
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