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I hope it goes to $10 a gallon or higher. Then it will go high enough to make it cheaper to power vechiles with renewable resources than with gasoline. The road to that destination is gonna be very painful though. The fact of the matter is this country is on the verge of economic collapse right now and this may very well be the straw that breaks the camel's very frail back.
If we look back to the 1980s oil crisis, we can learn alot. Back then oil skyrocketed. Guess what else went up? Gold -- all the way to $800 an ounce. And Gold is going up like a rocket right now too. It looked like it might break $700 an ounce but then went back down as people took profits. The market is extremely volatile right now. But I couldnt be happier, this is a great market for me. I have about 6,000 ounces of silver that I have aquired over the years at anywhere between $5 and $7.80 an ounce and I couldnt be happier with performance of my investments right now. But I digress.
I am not sure what term I like best right now to describe the president in Iran. I think he is about send America a message like he was Western Union, that much I do know.
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