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View Diary: Countdown to $100 oil (40) - Oil production plateauing (198 comments)

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  •  They'll try high prices first (1+ / 0-)
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    If enough corporations complain about the price of gas and diesel then most governments will implement some sort of rationing and/or price control.  Of course, the lowest income people will get the short end of the stick anyway.

    •  Wal Mart, Target, etc howling next logical step (0+ / 0-)

      with disposable income getting crushed, the CEO's of the retailers will start crying foul and demand something get done.  Bush Inc, thought they could drill their way out of the problem but they have been proven collosally wrong, Iraq is dictating to us, they forced America's hand by invasion and we have now poured 1/2 Trillion dollars to stabilize an impossible situation.  The logic of this could not have been more wrong.

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