Book: The Coming Economic Collapse

"The Coming Economic Collapse" is the title of the book by Dr. Stephen Leeb. It deals with the price of oil and what it means to the worldwide economy.

Is Dr. Stephen Leeb on the right track? If so, what will that mean to Americans who like to travel? Could his predictions of $200 a barrel oil be on target and cause an economic collapse in our modern world?

I found this interesting piece on Dr. Leeb's belief and assertion: It's from a Big Picture edition of Total Picture Radio - online, the address for this interview is: http://www.totalpicture.com/content/view/378/190/

There are no two things about it. If and when you listen to this man, you'll want to consider saving up for a trip --- to the supermarket and back. $4.00/gallon gasoline could seem inexpensive by 2010.

According to Dr. Leeb, the demand of oil from the middle east oil producers is growing at about 300,000 barrels per day - due to, in large part, the increase of demand from China, India, and other "developing" countries which currently use about one-third per person of the amount which those of us in most developed countries use.

We in North America take for granted the cost of simple goods and services which hinge on the price of gasoline, diesel fuel, and other petroleum-based products. The price of most goods would rise at incredible rates (both quickly and "way up there") should the price of diesel fuel increase in the same way the price for "regular, mid-grade, and premium" gasoline/petrol is expected to rise. And we know the price for diesel WILL rise along with everything else. I can already hear the "DOH" from Homer Simpson.

Again...if you want to hear Dr. Leeb, listen to Peter Clayton's interview: http://www.totalpicture.com/content/view/378/190/

(this is the same link used above)

PAY ATTENTION CLOSELY TO THE DATE ON THIS INTERVIEW --- IN JULY.

He was discussing $80/barrel prices by the end of this year, in July.

Um --- it was trading at $90 the other day!!!!!!!!!!!!!!!!!!!!!!!!!!!


Good luck, world!