Previous Predictions

I predicted back in 2005 that Hillary would be elected president in 2008 and also predicted that he opponent would be McCain. Now in 2006 more than two years away from the election it is all over except for the crying.

TAKEN FROM MSNBC.COM

“On the Republican side, Arizona Sen. John McCain is the highest-profile politician likely considering a run. For the Democrats, New York Sen. Hillary Rodham Clinton is viewed as her party’s front-runner.

Both of these candidates will be so strong in the polls and fundraising that the other candidates will have a difficult time getting oxygen,” said Scott Reed, a Republican strategist.

What about other predictions?

Well, lets see, my prediction that gasoline would go over $4/gal in 2007 no longer seems like lunacy. It did back when I made it in 2001. The price of gasoline at the time of my prediction was $1.13 a gallon. Who would imagine that it would quadruple in so little time.

The reason that gasoline is so expensive in 2007 is that the price of oil goes over $100 per barrel for the Light Sweet Crude. The type we use to make gasoline. Back in 2001 the price of oil was $23 per barrel.

This price increase will FUEL inflation to a fever pitch.