Reply #2: I agree that this is a worthwhile discussion [View All]

[jimlup]

Personally, I suspect the shock of $4.50 a gallon gasoline is long overdue. It wouldn't hit me very hard because I drive a honda civic and only commute 6 miles round trip to work (I can ride my bike when the weather is good.)

If the shocks get worse than this it will be interesting to speculate on how we could cope. I don't honestly think the immediate shocks will be that bad. They won't result in a total breakdown in society overnight. I believe that we will adapt, kicking and screaming the whole way, but we will adapt. I could be wrong!

Long term steps that I have taken or am considering are:

1. Investing in oil exploration stocks. As the demand far exceeds the supply I should be in for a good run. I've already had over 100% profit in the last three years. It was a good bet then, I suspect it is still a good bet for the "near term" (next 10 years) future.

2. I'm considering buying a defensive shotgun. I oppose guns in a modern society but if that society breaks down it may be key to be able to defend oneself!