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Showing posts from March 17, 2024

Oil shortage spells trouble for your wallet in 2025

According to, the CEO for one of the world's largest oil producers, Occidental Petroleum, predicts a crude oil shortage by 2025, despite record-high production in key countries. This scarcity is expected drive up gas prices, making it costlier for consumers to fuel up.  As a result, more people may turn to electric vehicles, while others cut back on non-essential trips. Higher fuel costs will also squeeze household budgets, impacting spending on essentials like food and rent.  In essence, the looming oil shortage poses significant financial challenges for consumers, necessitating careful budgeting and preparation for the road ahead. Click here for more details.