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Old 04-23-2007, 09:40 AM   Topic Starter
Donger Donger is offline
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Gasoline at $4 Coming to a Pump Near You, Unfazed by Rising Tab

http://www.bloomberg.com/apps/news?p...d=afOlUzd30YOo

Pretty alarmist, IMO, but possible.

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Last edited by Donger; 10-10-2014 at 02:43 PM..
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Old 04-23-2007, 09:43 AM   #2
Bowser Bowser is offline
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Americans are not "resigned" to it. Americans are pissed at it.
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Old 04-23-2007, 09:44 AM   #3
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Quote:
Originally Posted by Bowser
Americans are not "resigned" to it. Americans are pissed at it.
So, what are you doing to combat the prices, if that's what you are pissed about?
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Old 04-23-2007, 09:47 AM   #4
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Quote:
Originally Posted by Donger
So, what are you doing to combat the prices, if that's what you are pissed about?
Not driving anywhere unnecessary during the week.

And by asking this, are you OK with gas potentially being 4 bucks a gallon, and think that Americans AREN'T pissed at the notion?
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Old 04-23-2007, 09:50 AM   #5
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Quote:
Originally Posted by Bowser
Not driving anywhere unnecessary during the week.
Good for you. Disable your daytime running lights while your at it. Plus all the other things you can do (properly inflated tires, no A/C, no full throttle, etc.)

Quote:
Originally Posted by Bowser
And by asking this, are you OK with gas potentially being 4 bucks a gallon, and think that Americans AREN'T pissed at the notion?
Am I okay with the potential of $4/gallon? Well, personally, I don't think it will go that high. But, if it does, it does.
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Old 04-23-2007, 09:52 AM   #6
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When is congress going to do something about this?
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Old 04-23-2007, 10:46 AM   #7
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Quote:
Originally Posted by Donger
So, what are you doing to combat the prices, if that's what you are pissed about?
If you can't beat them, join them.

http://moneycentral.msn.com/investor...1&Symbol=FSENX
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Old 04-23-2007, 11:49 AM   #8
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Quote:
Originally Posted by Donger
So, what are you doing to combat the prices, if that's what you are pissed about?
Everyone still idles there Yukon's at the McDonalds rather than go in.

So donger, the question I have for you is, "Do you believe in the Peak Oil theory?"
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Old 04-23-2007, 11:54 AM   #9
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Quote:
Originally Posted by bunnytrdr
Everyone still idles there Yukon's at the McDonalds rather than go in.

So donger, the question I have for you is, "Do you believe in the Peak Oil theory?"
I honestly don't know enough about the theory to believe or not believe it.
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Old 04-27-2007, 02:47 PM   #10
Calcountry Calcountry is offline
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Quote:
Originally Posted by Donger
I honestly don't know enough about the theory to believe or not believe it.
In a nutshell, it entails the supposition that at some point, the worlds total barrels per day production would peak at a certain level as a planetary maximum output.

At the same time, the demand for oil would continue to grow thereby causing prices to skyrocket to obscenely astronomical prices like 9 dollars per gallon for gas, and 200 dollars per barrel of crude.

Thoughts?

I say, drill for oil in Alaska, drill it deep, just in case the "oil regenerates itself" people are correct.
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Old 11-12-2007, 01:12 PM   #11
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Quote:
Originally Posted by Donger
So, what are you doing to combat the prices, if that's what you are pissed about?
car pooling, spending a whole hell of a lot less, driving less, combining trips, avoiding any SHELL OR BP station as they ALWAYS charge 10 cents more!

they can have there prices as high as they want. i will continue to buy only the bare minimum and once i get out of college (MBA) soon i will be able to drive EVEN less.

their is no shortage.....its all speculative.......i don’t see how demand is rising....let the economy go down the tubes as long as the oil tycoons get there fat injected with more gluttony

its funny overly watched the oil industry is. anything....ANYTHING sends the prices skyrocketing...

"an oil refinery worker had a case of pink eye and took a sick day" = OMG SHORTAGE!!!!!!! BUY BUY BUY

"a board member at Valero had a dream that his oil refinery needed more maintenence" = OMG BUY BUY BUY

"its Monday" = OMG $$$$$$$$$$$$$$$$$$$$$$$$$$$ oil Bull rides again!

while i know that the above items are comical its sad that any news no matter how small sends the roaches who buy this stuff scurrying to buy the price higher.

Recession.....here we come

Quote:
Originally Posted by kcirnamffoh

I just suspect that this is more the-sky-is-falling kind of attention getting.
indeed
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Old 11-12-2007, 01:14 PM   #12
Donger Donger is offline
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Quote:
Originally Posted by xbarretx
i don’t see how demand is rising.
And you're in the process of earning an MBA?
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Old 11-12-2007, 01:24 PM   #13
xbarretx xbarretx is offline
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Quote:
Originally Posted by Donger
And you're in the process of earning an MBA?
let me rephrase, im at the upper cusp of the middle class. my wife has MBA and im getting mine.

#1 college costs continually rise therefore putting the kibosh to many for their college hopes and dreams. interest rates are horrible, costs continue to grow exponentially. we simply cant afford to waste money buy driving unnecessarily

#2 as the gap between the haves and have not’s grow during the assault on the middle class....the amount of debt carried skyrockets. thus the big deal with the possible credit crunch. once the bottom drops out and we have a credit crunch....the US consumers will no longer have the easy flowing lines of credit to waste. Which will then bring us to a long pit stop in "recession-ville USA"

with prices being so high.. how can demand be growing? baby boomers are driving less and will continue to do so as they exit the workplace.

wages aren’t expanding anywhere near the REAL rate of inflation.

the public is pissed about oil and the price of gas.

while some driving is necessary due to we all cant work from home...people should be driving less.

based on all that i simply cannot fathom how ignorance is fueling this oil bubble.

in my economics class they say demand for oil is inflexible...i say that’s correct but only to a point. its not a straight vertical line...it may be steep but its not running north and south.

in the end im not saying it CANT be growing.....im just saying it makes no logical sense as to why anyone wants to shoot there foot off
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Old 04-23-2007, 09:54 AM   #14
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Quote:
Originally Posted by Bowser
Americans are not "resigned" to it. Americans are pissed at it.
Very true...

I think when gas prices go high it really hurts alot of other industries as well..

Americans have just learned to give up simple luxuries...


Could be cofffee, donuts, a book, movies..whatever....
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Old 04-23-2007, 09:59 AM   #15
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Quote:
Originally Posted by Deberg_1990
Very true...

I think when gas prices go high it really hurts alot of other industries as well..

Americans have just learned to give up simple luxuries...


Could be cofffee, donuts, a book, movies..whatever....
True. But the problem is that's the top of the hill where the snowball starts rolling. Cut out movies or eating out, those industries feel it, so they charge their vendors more, in return the vendors charge more for their services...on and on.

It is somewhat scary to think about gas potentially getting that expensive.
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