$7.00 gas coming

CNBC is doing a special all day about world Oil & gas supplies.

The last commentator/ analyst is predicting 7 dollar gas based on the facts:
Most of the new supply in oil products is in Liquid natural gas products, ie propane

90% of gas is used for car transportation
Propane accounts for 2% of transport fuels

"If the Unites States cannot get cars off the internal combustion engine, in the next 5 years, we'll have $7 gas."

Have to run to doc today.  Thought it would be interesting to those  that can watch.

Oh and the housing numbers are HORRIBLE down another 8%

11 Months supply.

Time to buy!