2. The price of gasoline will hit $3.75 a gallon.
Rationale: Regardless of who wins the White House the
will continue its pressure on United
and Iran while Venezuela
trying to put instability in
to rest once and for all. Iran
A. Iran in particular has continually shown disregard for
U.N. sanctions and has continued to harass its neighbor
Whilethis is done in part to keep the radical clerics and
their puppet Ahmadinejad in power, it could well backfire.
, or a joint coalition could use an United States
air strike to disable the nuclear program.
has already Iran
B. Oil is currently priced in dollars. If the dollar
continuallydepreciates, then a commodity such as oil will cost
C. Unless government leadership (Congress in general and the
Executive Branch in particular) puts the oil executives in
check,then this will be seen as a green light for continued
D. Hugo Chavez may be the President of Venezuela. However,
itappears that he is interested in being more vocal about his
supportof other Leftist regimes. This will cause further
South Americaand another oil exporting
are working with the Russians to the oil resources
of that region!