Thanks to bls for point me to this report about an interview that Robert Hirsch gave on CNBC. He reiterates his view (correct IMHO) that the price increases we’re seeing today are not simply due to transitory market conditions, but are the beginning of a long steep rise.
From bls posting, a quote from the interview:
“There’s no single thing that’s going to solve this problem because it’s as massive as one can possibly imagine. And the prices that we’re paying at the pump today I think are going to be the good old days because others who watch this very closely forecast that we are going to be hitting $12 and $15 per gallon. And then, after that, when world oil production goes into decline, we’re going to talk about rationing. In other words, not only are we going to be paying high prices and have considerable economic problems, in addition to that, we’re not going to be able to get the fuel when we want it.”
Read the full article here.
I wish I thought he was wrong.
Let those in the church with ears hear because we are going to need to start reorienting the way we do ministry. Sooner than a bunch of us thought perhaps.