According to the National Guard, 20 oil platforms are "missing"
. They're pretty big, so its safe to assume they're gone.
While forward prices have been remarkably well-behaved for sweet crude, gasoline is going to hit the roof. It's already over $3/gallon in some places. What does this mean? Moribund consumer spending. Heavy price increases for anything that doesn't naturally occur within walking distance of where you live. Bankrupt school districts and police departments. Can you hear it now? "We've got a bank robbery and hostage situation in progress. All units within walking distance respond".
Ah well. Like a wise rapper once said "I got guns".
I tip my hat to the wisdom of dearly departed Ronald Reagan, who put the kibosh to all that "energy conservation" hippy fag shit. Big up to all the sessions of congress that kept easing fuel efficiency standards so some fat white suburban motherfucker could make up for his tiny dick with a huge truck.
-Miguel Sanchez 22:23 EST |