Don't say I didn't warn you

The Secretary General of OPEC says oil might hit $200 barrel. He didn't say when.

Folks they have been waiting for this. Small companies to Russia are being hit hard by the drop in prices that only certain,large companies and OPEC will come out healthy. They want this to happen. Lower investment in future projects only helps those in a position to ride this out. And yes I know this is not new news, most investor publications are discussing this scenario.

What no one is talking about is the end result for various people and countries not oil rich.

WE NEED TO GET OFF OIL. Not only is oil projects being curtailed, there is also a feeling we don't need alternative energy with lower gas prices. We still need to diversify. The collapse of competition in the oil industry only consolidates wealth and power even more. Do not be surprised that in a decade unless the middle class of us and Europe don't elect better leadership we see half the world in totalitarian states and the other half economic oligarchs fueled by oil and multi national bank money.

This doesn't have to happen, however, we need to become involved. Sitting around and thinking people like me are a bit paranoid is dangerous. We, the people, have a responsibility to elect leaders that do what is right for the whole of our country, not the few. The oil market is one way we can lose what we have.

There was a reason the large banks bounced out of the recession they way they did.

We need to make sure people understand the diversification of wealth is good if done through markets, not through the govt., but the govt needs to make sure the markets etc are open to all.