ChiefsPlanet - View Single Post - Gasoline at $4 Coming to a Pump Near You, Unfazed by Rising Tab

**Bearcat** · 11-12-2008, 06:13 PM

This happened last year, too... I read an article a few weeks ago saying the perfect strategy would be to keep the price of oil high for 4 years, and then lower it in the 5th year so the research for alternative fuels would die down and people would forget about the high prices. Apparently something similar happened in the early 80s.

So, after reading the following article, my question is why spend an entire year at lower prices? Are we seriously this f***ing stupid? I get 25mpg on a good day and I'm starting to think Europe has it right... tax gas until the automakers stop making them...

http://www.wsoctv.com/automotive/17945476/detail.html#-

Falling Gas Prices Jump-Start GM SUV Sales
Automaker Puts Texas Plant On Overtime Amid Other Closures

Monday, November 10, 2008
Despite the down economy, falling gas prices have driven consumers back to the sport utility vehicles they once gave the cold shoulder.

Workers at General Motor's Arlington, Texas, SUV assembly plant began working overtime this month and are scheduled to remain on overtime for the rest of the year.

The plant, which employs 2,500 workers, is now the only GM factory building full-size sport utility vehicles like the Chevrolet Tahoe, GMC Yukon and Cadillac Escalade.

Although sales of the vehicles are still down overall, they have rebounded in recent weeks as gas prices have fallen and cash-strapped automakers have slashed prices. The vehicles have proven to be a solid source of revenue for GM.

"We're still on overtime," plant spokeswoman Wendi Sabo told The Dallas Morning News. "Nothing has changed."

GM is also placing a high-stakes bet on its SUV line overseas, opening a new $300 million plant Friday near St. Petersburg, Russia.

The plant will produce GM SUVS, the Chevrolet Captiva and Opel Antara, which have become status symbols in Russia, reported Edmunds.com.

Chevrolet is the sales champion in Russia, with 190,553 cars sold last year alone, allowing GM to claim a 10.9 percent market share there. Likewise, Opel is in Russia's top 10 in sales, recording a whopping 238 percent sales growth in 2007, according to GM figures.

11-12-2008, 06:13 PM	#1365
Bearcat Would an idiot do that? Join Date: Nov 2000 Location: Arizona Casino cash: $2334931	This happened last year, too... I read an article a few weeks ago saying the perfect strategy would be to keep the price of oil high for 4 years, and then lower it in the 5th year so the research for alternative fuels would die down and people would forget about the high prices. Apparently something similar happened in the early 80s. So, after reading the following article, my question is why spend an entire year at lower prices? Are we seriously this f***ing stupid? I get 25mpg on a good day and I'm starting to think Europe has it right... tax gas until the automakers stop making them... http://www.wsoctv.com/automotive/17945476/detail.html#- Falling Gas Prices Jump-Start GM SUV Sales Automaker Puts Texas Plant On Overtime Amid Other Closures Monday, November 10, 2008 Despite the down economy, falling gas prices have driven consumers back to the sport utility vehicles they once gave the cold shoulder. Workers at General Motor's Arlington, Texas, SUV assembly plant began working overtime this month and are scheduled to remain on overtime for the rest of the year. The plant, which employs 2,500 workers, is now the only GM factory building full-size sport utility vehicles like the Chevrolet Tahoe, GMC Yukon and Cadillac Escalade. Although sales of the vehicles are still down overall, they have rebounded in recent weeks as gas prices have fallen and cash-strapped automakers have slashed prices. The vehicles have proven to be a solid source of revenue for GM. "We're still on overtime," plant spokeswoman Wendi Sabo told The Dallas Morning News. "Nothing has changed." GM is also placing a high-stakes bet on its SUV line overseas, opening a new $300 million plant Friday near St. Petersburg, Russia. The plant will produce GM SUVS, the Chevrolet Captiva and Opel Antara, which have become status symbols in Russia, reported Edmunds.com. Chevrolet is the sales champion in Russia, with 190,553 cars sold last year alone, allowing GM to claim a 10.9 percent market share there. Likewise, Opel is in Russia's top 10 in sales, recording a whopping 238 percent sales growth in 2007, according to GM figures.
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