- Published: 03 February 2015
- Written by Editor
By Mike Berry of Disruptive Discoveries Journal
“For they sow the wind, and they shall reap the whirlwind.” Josea 8:7
Will the Saudis now reap the whirlwind?
I thought this bit of recent commodity price history of interest. Income boost from today's gasoline prices versus what I paid on July 22, 2014 for regular gasoline at EZ Check (gasoline prices in Whippany, New Jersey).
To fill my Lexus in July (16 gallons) cost $55.98. To fill it last week cost me $31.98. This is a gigantic differential of 43% - magnified because it occurred entirely between the end of November and the 16th of January (2 months) and because it is continuous. Anyone who drives regularly (fills up every two or three weeks) received this income boost courtesy of the Saudis and perhaps the US government backdoor geopolitics. The Saudis have sown the wind.
