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4 thoughts on “Last Night In West OC”

  1. This isn’t like 2008 at all. The prices spiked then and came down fast. A barrel got to $130 in May, prices were almost $4.00, barrel got to the high $140’s in July, gas was over $4.00 – then in Oct a barrel was less than $70, gas went below $2.00.

    Today, barrels have been solid in the $80’s, $90’s and now oil is trading at $130. There was no invasion back in 2008 (economy was a mess) today there is AND our economy is a mess again. Not to mention, OPEC hasn’t started the “summer blend” yet so it will continue to rise and people will need to make choices again.

    Once choice will be not coming and spending $$$$$ freely this summer on the island. While the island is still trying to recoup what they lost in the previous 2 seasons. Not a good business model, but what else can be done? Bills (leases/rent) still need to be paid and prices will only go up!

    Looks like service help will not be coming again this summer – this is that perfect economic storm.

    damn

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