Are you ready for the economic crash that will follow crude oil price reaching $ 200 the barrel?

Question

Are you ready for the economic crash that will follow crude oil price reaching $ 200 the barrel?

Answer 1

The economy won't crash.  Employers will finally realize that its time to start allowing workers to Telecommute....

If they don't, workers will leave for employment closer to home and the cost of losing talent and rehiring n00bs will be too much for a business to handle.

So I champion on High Oil Prices... Because its time the baby boomer bosses of the world learned that Telecommuting is effective and workers won't be napping at home when they should be working.

Answer 2

Just some FYI

Gas has been astronomically high everywhere else in the world for many years.

There will be no economic crash.

educate yourself

do the research

Answer 3

I do not thing it will take getting to 200 a barrel . Once the 70 trillion credit swaps debt hit the market that will do it . Then there's the food shortage . No hope it is going to crash just when ?

Answer 4

$200 per barrel will be in a couple more years.  I am saving up on money to buy myself a big bike and a really compact car that can go 25km to a litre.

aside from that, we are starting to plant veggies on our idle land.

Answer 5

the people don't understand the situation, in italy we have now the first strike of trucks and of the fishers, because of the price of petrol. the risk is not to have things to buy in the mall.

Only then the people will start to understand the situation.

i hope in the next years there will be something of really new in the world's economy to face the situation, if not we will be in big problems

Answer 6

Could be a good idea to start going Long Crude Oil.

Crash... we heard the same thing at $100.

Answer 7

Yes I am ready since I listen an economist from India that said the barrel will reach $ 800. We need to live in sustainable towns.

With my husband we move to a place that has pure water of a mountain crick, we can fish and hunt. Our house is warm using only wood. We cultivate our herbs. Next to our house we  buy beef raised without antibiotics and hormones. We buy also organic eggs in a farm next to our house. There are a project to cultivate organic vegetables during all the year.

Next to our little town there a farm with apples, plums and cherries. Now I am replacing medical drugs for herbs.

My husband has a very good salary and he works for a Telefhone company. Jobs related with telecomunications have more probabilities to survive to the collapse.  I am doing creative work that I am selling and I am teaching Industrial Psychology through Internet. We have made together all the modifications that the house need. We have a net of friends around the world who can help us if it is necessary. We have a house in Argentina where the life is cheaper than here.

I am not ready to see again how family and freinds loose eerything and become so upset.