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Old 10-05-2021, 11:13 AM   #2950
lamboguy
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Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,761
Evergrande is only one piece of this puzzle. I'd say the natural gas prices in the UK got to be a big component of this. between their anti-energy policies, mainly anti-fracking, and the Trump tariffs, the great people in Great Britain are going to have a very hard time heating their homes and driving their cars. even if they decide to change their laws it will take much more than a year to have any effect on the price of energy. this is probably the main reason that energy prices are going to be going through the roof in the United States. i don't have any idea how the economy in this country can survive $5 or $6 or probably even more price per gallon of gasoline. 2 good things do come of this, first it might help towards the tightness in the automobile market, and it will probably lead to much less traffic.
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