The Coming Obamaville's

This is a chart of West Texas Intermediate Oil.
A quick glance is all one needs to spot trouble.    The price of oil is on a steep trajectory to the 2008 high of $150.  Once it reaches that point, technical analysis will describe the picture as an 'ascending triangle.'  Rules of an A-Triangle are as follows:  the stock will rise equal an amount equal to the difference between the low and the high.  In this case oil would be predicted to rise $100  beyond $150.
$250.00 oil !

Average gas tank holding 20 gallons of gas:
$3 oil and a fill-up costs $60
$4 oil and a fill-up costs $80
$5 oil and a fill-up costs $100.00
$6 oil and a fill-up costs $120.00
$7 oil and a fill-up costs $140.00
$8 oil and a fill-up costs $$160.00
$9 oil and a fill-up costs $180.00
$10 oil and a fill-up costs $200.00
XXXXXXXXXXXXXXXXXX
$100 barrel of oil  causes $4 a gallon gas
$200 barrel of oil causes $8 a gallon gas
$250 barrel of oil causes $10 a gallon gas

Wages cannot support oil at $250.  Every employee in the land will be pounding on the bosses door asking for a raise.  The boss won't be able to give raises since s/he will be fighting a battle on many fronts and quite possibly looking at failure himself/herself.

So will begin a new and more permanent decline.

More and more people will be forced to walk away from their mortgages headed to Obamaville's.  Most businesses will  suffer since most discretionary income will be going to Saudia Arabia for oil.  That will begin an unending cascade of layoffs as all non-essential goods and service providers get skinny enough to hold on; many will not survive.

Assets such as homes, cars, office space, plazas, boats, RV's,  businesses; all will be sold for nothing.
Airlines will be nationalized.  Banks.  
We will be in the grip of a monster Depression equal to and probably worst than, the first.

The world's oil supply has hardly been affected by the upheaval in the Middle East yet oil is already spiking on the speculation of long term turmoil.    And the chart is screaming, 'TROUBLE!'

All of us needed to take Obama at his word when he said in the campaign that he would like to see the price of gas at $7.  

The really bad news?  We won't have enough cash left over to stage a decent protest.