From the Morning Desk - Idle!

When you make lifestyle decisions based on "peak oil" theories, you aren't thinking straight. When oil crashes from $140+ a barell to the mid $30s, guess what happens to exploration drilling? Shut downs, layoffs, etc. But for the first time in 25 years, wages are being rolled back, too. Starting May 1st, a lot of people's paychecks are going to get a whole lot smaller. Egos are going to get checked, too. And I don't think anybody is going to be striking this year.

Personally, I'm sick of having to deal with shitheads with a 6th grade education making way too much money, driving around in their $70,000 3/4 ton jacked up trucks, living out in the burbs with their four kids in their McMansions, and their boat and RV in the driveway. Of course, everything is on payments.

The paycheck will get smaller, but existing payments will remain the same size. Do the math.

What's the good news? Well, if you have a little bit of money put aside right now, housing, RVs, boats, equipment, businesses, commercial real estate and cars are going to be insanely cheap in the next two years.

I'll spare you the bad news.

Folks, this is Johnny Newsmaker signing off. We now return you to your regularly scheduled programming… "Mad Max 5 - Too Much Oil!" only on Ranting-TV...