Well, I am an avid believer that we are almost at peak oil. There is little spare capacity available anywhere. If the post at the oil drum site is correct I don't see prices going down anytime soon. I am worried about how minimum wage people are going to afford to get to work, how prices for food are going to rise if truckers have to pay more for their fuel, and the loss of a big port in this region of the country.
Yes, I am afraid of a big domino effect if the gov does not get some kind of handle on this immediate problem real soon.