Thankfully, we have Paul Krugman to remind us of the brilliant right-wing predictions of years past:

Rupert Murdoch, on the eve of the invasion of Iraq:

The greatest thing to come out of this for the world economy, if you could put it that way, would be $20 a barrel for oil. That's bigger than any tax cut in any country

Why, golly gee, I wonder who's profiting from the higher oil prices? Ahh, remember the good old days, when the Bushies tried to scare everyone about the horrid possibility that gas would go above $1 dollar a gallon if Al Gore were elected.

Now, let's see what position the ruling class has put us in for the coming years...