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05-19-2008, 12:38 PM | #631 |
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The weak dollar is over-stated in this context. In DC a couple of months ago I posted a chart from the WSJ showing that ppb of oil was up something like 90% in US dollars, but also 70% in Euros and 60% in Yen, or something along those lines.
Yes, it's up a bit more here, but it's up ALOT internationally. The weak dollar contributes to the problem here, but is neither a decisive factor, nor would strengthening the dollar simply fix the problem. And "market speculation" is pretty much a straw-man. Speculators may well be driving the price up for a while, but eventually that is self-correcting. Unfortunately, nothing has caused that bubble to be pricked yet, if it is a bubble. Meanwhile, there's no obvious way to fix it -- capitalism is best when left to self-regulate, unless there really are predatory tactics going on.
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05-19-2008, 12:41 PM | #632 |
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I'm not willing to go quite that far, but in about six months I'll have my Impala paid down to the point that I'll be able to get some trade in value out of it, and I'll probably get something in the Civic/Corolla range. One vehicle I'm seriously considering is the Nissan Versa, but I haven't tested one yet.
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05-19-2008, 12:43 PM | #633 | |
sorta mod-ish
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And I'm considering the Prius only because I have a 35 minute one way drive to work (all highway). |
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05-19-2008, 12:44 PM | #634 | |
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05-19-2008, 12:49 PM | #635 | |
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I test drove a new Vibe last week. I like it, just as I liked the one I foolishly traded (that would be paid off now ), but for what I'd pay for a base Vibe I can get a Versa with the options I want. If the Versa has any sort of decent acceleration at all, that'll probably be the first on my list. |
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05-19-2008, 12:53 PM | #636 |
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05-19-2008, 12:58 PM | #637 | |
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I've spoken with a bunch of people who are doing the same, some of whom can easily take the hit on the wallet, but aren't driving more out of a sense of spite.
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05-19-2008, 01:47 PM | #638 | |
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I fall into that category, not saying I can throw money around on a whim, but I can absorb a trip no problem, because I am very frugal with my money. I have not gone on a few little road trips because I chose not to. |
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05-19-2008, 01:50 PM | #639 | |
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A whole lot of my customers are driving up to the store in sedans with thier big pickups parked at the farm. The Saudi sob can think that the market is adequately supplied all he wants. He can post up 5 dollar gas if he wants, just don't expect to move much fuel at that price.
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05-19-2008, 01:51 PM | #640 | |
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Even if the price comes down, I'm still getting a smaller vehicle. These fuckers can kiss my ass. |
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05-19-2008, 01:55 PM | #641 |
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This is the only thing that gives me optimism. With each passing day, the fleet of cars gets smaller and more fuel efficient. AT the same time, marginal wells are being pumped with vigor, oil sands in Canada are now profitable to exploit, and heck, we might even drill in Anwar in a decade or so.
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05-19-2008, 03:10 PM | #642 |
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Hybrids are most effective if you drive primarily city driving. They aren't that wonderful for highway. You can buy a manual Corolla for considerably less and, with some hypermiling techniques, still get excellent mileage.
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05-19-2008, 03:28 PM | #643 |
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Can the rest of the world handle 125 crude? Oh, I know they take the Euro now, but the price is up regardless.
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05-20-2008, 11:49 AM | #644 |
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So far oil has gone up another $2 bucks a barrel...
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05-21-2008, 08:27 AM | #645 |
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$3.80 national average.
Demand figures: Americans used 7% less gasoline last week compared to one year ago. That's massive.
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