Hard times are coming very shortly after the midterms, folks. Here's why:
Fuel prices have been creeping downward for the last few months due to Biden's administration releasing it from the strategic oil reserve to help cut costs. They have been releasing close to one million barrels a day. The US produces 14.8 million barrels daily and uses 19.6 Million barrels daily. These cost-cutting measures are only in place until November and are set to end one week before the midterms. Once one factors in OPEC's decision to cut production, it is easy to determine our fuel situation will be dire.
Obviously, prices will spike shortly after that, and the blame game will start shifting to what I hope are the newly elected fresh blood who are more conservative. If we have conservative voices elected, the current administration would have no incentive to continue to lower prices, as they now have a scapegoat to blame the cost of living on. Especially if the Democrats lose majorities.
In 2023, the Government will begin replenishing the oil reserves, buying up millions of barrels that would otherwise go to market. This will likely cause a run on gas and create shortages for consumers. Supply and Demand will have an immediate impact on prices and our wallets.
The Fed is already hiking interest rates, and I heard a stat on the radio this morning on my commute that stated that housing sales are down 20% compared to this time last year. Higher mortgage rates and gas prices leave less wiggle room for higher grocery costs.
How can we prepare? Start buying canned goods now when they are on sale. Begin finding ways to live more cost-effectively. Try to buy in bulk when prices are right. Rice goes a long way. Generic brands taste just as good with salt and butter. Fill the deep freezer with wild game. Meat is overpriced enough as it is at the grocery store. Bundle up, don't bump the thermostat. Especially you pour souls in the North who rely on natural gas for heating. Next spring, plant "victory gardens." Keep chickens if able.
If anyone else has suggestions, drop them in the comments, I wrote some very broad advice. Still, I'd love to hear other people's experiences and advice.
Look at planting certain medicinal plants, water sources or ways to purify water, look into local wild edibles. There's a gentleman here in Tennessee I have been to his classes teaching plants to eat, to use for cordage, look alikes bad. Hunting! Canning, dehydrating, freeze drying, think outside the box if things go sideways there wont be electricity! Time to lay fields of fire put in that "Range card"