Armstrong Economics Blog/Energy Re-Posted Jun 18, 2022 by Martin Armstrong
OK. I suppose it was just a matter of time. In Thailand, a clever thief drilled into car’s fuel tank to steal the gasoline. In the United States, people are complaining about the fuel cost of $5 a gallon. In Europe, they sell it by the liter. In Europe, when on par with the United States, one gallon is now running for $10 a gallon. With the model projecting that we can see oil run-up to over $200 in 2023, we are looking at crazy times in energy which will come back as civil unrest.