Quote:
Originally Posted by hilltopper
Back to the original post....
With a 200 year old farmhouse ... I'm a slave to Big Oil... 
hilltopper |
Your farmhouse pre-dates the oil era and maybe even coal. How did they heat it back then?
A LOT of people are getting out the history books to see which "tried and true" technologies from great-grandpa's notebook would be useful today, and which ones to consider for next year if the price keeps going up.
Since the question of the thread is, "how high will gas prices go?" I'll provide a bit of caution: Hurricane season just began, and we got the first named storm in the Gulf of Mexico a day before the season officially began. What kind of season it will be is anyone's guess but current indications don't support a quiet one. We know that past hurricanes have sent gas prices rising by knocking out ocean rigs and coastal refineries. It took a while to get those things fixed and we paid higher prices for a reduced supply while we were waiting.
If a major hurricane so much as forms and looks like it's going to go into the Gulf of Mexico, the Wall Street oil buyers will go nuts and bid up the price.
Current predictions (as broadcast on NBC's Today Show this morning) are for $5/gallon gas by July 4. If that proves true, and then a hurricane comes along, we'd easily be looking at $6/gallon within a few days of the storm, and if the hurricane actually did damage the oil industry, the price wouldn't come back down, either. If the storm re-curved out to sea safely, the "storm price" would probably come back down to the normal everyday bloodsucking price.
Advice: Keep your eyes on the satellite picture and start forming a financial plan for the day you see a hurricane in it.
Funny, as I write this, WHOM is playing Martina McBride's song, "Anyway." The lyrics seems so appropriate:
You can spend your whole life building
Something from nothin'
One storm can come and blow it all away
Build it anyway
You can chase a dream
That seems so out of reach
And you know it might not ever come your way
Dream it anyway
God is great
But sometimes life ain't good
And when I pray
It doesn't always turn out like I think it should
But I do it anyway
I do it anyway
This world's gone crazy
It's hard to believe
That tomorrow will be better than today
Believe it anyway
Here, watch the music video on YouTube.... it's VERY good.
http://www.youtube.com/watch?v=1FdB5Adws78