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The Gunslinger said, "My advice to you is to get yourself a Holy Book, then learn how to pray."
The Preacherman said, "My advice to you is to get yourself a gun, then learn how to shoot."
The Politician said, "My advice to you is to get yourself free of superstitions and weapons, then learn how to trust in me."
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Tuesday, June 10, 2008

Entry for June 10, 2008

Some experts are predicting $5.50 - $6.00 a gallon gasoline this year. Look for the mother of all recessions and a return of Jimmy Carter era stagflation if gasoline climbs to such heights. Many household and corporate budgets will not survive the weight of more debt.

Since the experts are going north, I will go south. Barring war, Gulf of Mexico hurricanes, or an act of terrorism, I predict that gasoline will be in the range of $3.50 a gallon by November 1, 2008. All bubbles burst, and most agree that currently much of the price for a barrel of oil is speculation.

Just a hunch, gasoline for $3.50 a gallon by November 1st, let’s see how close I come.


James A. Zachary Jr.


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