Crude Oil today as I write this has risen to over $100 dollars a barrel. It has been there before and gone back down in the past. The question is as the Middle East seems to explode country by country is where does it end.
My last delivery of oil was 154 gallons, I think I have 20 gallons left on my prebuy. Our house is drafty, it has been a very cold winter and it is not a good combination.
Still natural gas lines are not being extended to our neighborhood and my comfort level with that is not great anyway. Wood is not an option as I am not a great fan of fire and it is quite work intensive and I would not want to put that on my family.
But as Tom Friedman said in The New York Times today with the growing unrest in The Middle East a good day and a bad day in America is now or will soon be based on the health of an 86 year old King in Saudi Arabia. In short if or perhaps we should say when Saudi Arabia falls to a less export friendly, western friendly regime we will be in world of hurt.
The prospect of heating oil at $5 a gallon next winter is already being promised and the thought of what might happen if things get worse goes beyond what we might be able to imagine. Gas at six or seven dollars a gallon, heating oil at the same would cripple many Americans budget and send the worldwide economy into an oil shock.
Of course such an event would make alternate sources of heat more expensive as well but I think it is time to prepare.
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