Told ya so
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Cargo Master
Joined: Jan 2004
Posts: 2,512
Likes: 8
From: Cook Forest and Irwin PA
Told ya so
From CNN:
People just wont learn.
Gas prices have plummeted 44% since peaking at over $4 a gallon this summer, and are now averaging around $2.30.
There's some evidence suggesting Americans are using the savings not to buy groceries or make home payments, but instead to drive more. That may, in turn, drive up demand and push prices right back up.
There's some evidence suggesting Americans are using the savings not to buy groceries or make home payments, but instead to drive more. That may, in turn, drive up demand and push prices right back up.
Elder User
Joined: May 2005
Posts: 643
Likes: 0
if folkes buy bigger cars and gas go's up it only means these same morons will be trading in their big gas hogs for ricers and gas will drop like concrete boots again. in fact if people driving less is the real reason for this sudden drop in oil prices I will be surprised.
Post Fiend
Joined: Apr 2004
Posts: 19,098
Likes: 8
From: Great State of Texas
"There's some evidence suggesting Americans are using the savings not to buy groceries or make home payments, but instead to drive more. That may, in turn, drive up demand and push prices right back up."
I would bet that there is more evidence that more Americans are loosing the jobs and can't afford to drive anywhere. "Some evidence" never did it for me.
And SUVs? GM has only one plant manufacturing big SUVs as we speak. While they are allowing some overtime the next few weeks, I don't think they see a huge enough sales recovery that will impact gas availability. At least not anytime in the near term.
I would bet that there is more evidence that more Americans are loosing the jobs and can't afford to drive anywhere. "Some evidence" never did it for me.
And SUVs? GM has only one plant manufacturing big SUVs as we speak. While they are allowing some overtime the next few weeks, I don't think they see a huge enough sales recovery that will impact gas availability. At least not anytime in the near term.
Postmaster
Joined: Aug 2004
Posts: 4,004
Likes: 1
From: North of Boston MA
From what I have read and understand, the price of gas has decreased for two reasons. First, the price of crude futures has dropped because of the expectation of world economic slowdown and thus decreased demand and second, because actual supply of gasoline has increased due to decreased demand and all the refineries getting back up to production after the hurricane this summer.
I have a funny feeling that these low prices won't last and it isn't because people are running out and buying big SUV's again. I think the upcoming events in January regarding executive orders and domestic oil exploration may help drive the price of oil/gas right back to where it was and then some. God, I hope I am wrong......
I have a funny feeling that these low prices won't last and it isn't because people are running out and buying big SUV's again. I think the upcoming events in January regarding executive orders and domestic oil exploration may help drive the price of oil/gas right back to where it was and then some. God, I hope I am wrong......
Post Fiend
Joined: Apr 2004
Posts: 19,098
Likes: 8
From: Great State of Texas
Third...the value of the dollar has gone up.
Fouth...The speculators don't seem to be speculating as much these days.
Just wait 'til the drilling stops.
Fouth...The speculators don't seem to be speculating as much these days.
Just wait 'til the drilling stops.
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Post Fiend
Joined: Sep 2007
Posts: 6,221
Likes: 6
From: Cow Town, CA
when gas prices were at the highest they were artificially high and right now i would say they are artificially low, its all supply and demand (duh right?). there is to much supply(the pumpers and refiners didnt slow down soon enough) and not a lot of demand (better MPG cars, economy....), but when the supply starts to dry up and the demand stays the same or gets higher prices will go back up. the key is to get more and more non gas burning cars and trucks out there so our demand will stay the same or maybe even go down.
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Posting Guru
Joined: Mar 2005
Posts: 1,453
Likes: 0
From: Central,Texas
Yep thats what i was saying
Government Teat-sucker
Joined: Oct 2003
Posts: 9,748
Likes: 1
From: Virginia Beach
Shopping at the wrong store?? j/k
I've heard it said that the price of gas needs to go up to $5 or more per gallon-and stay there for a couple of years- for people to start becoming serious about finding alternative sources of fuel. It is a shame that we can't learn our lesson without forgetting the lesson so soon. How many people are still fighting for off shore drilling to happen? Yes, we all want it, but how many are still fighting for it? It seems to have faded into the background because we can buy fuel (fairly) cheaply again. I say it's OPEC causing the price to fall. They know that if we drill for our own oil, they become less important, and their deathgrip on the petroleum industry is loosened. They also know American's way of thinking: passionate, but not committed.
I've heard it said that the price of gas needs to go up to $5 or more per gallon-and stay there for a couple of years- for people to start becoming serious about finding alternative sources of fuel. It is a shame that we can't learn our lesson without forgetting the lesson so soon. How many people are still fighting for off shore drilling to happen? Yes, we all want it, but how many are still fighting for it? It seems to have faded into the background because we can buy fuel (fairly) cheaply again. I say it's OPEC causing the price to fall. They know that if we drill for our own oil, they become less important, and their deathgrip on the petroleum industry is loosened. They also know American's way of thinking: passionate, but not committed.
Postmaster
Joined: Jul 2003
Posts: 2,628
Likes: 0
From: Calgary, Canada
I've seen figures like 'enough sunlight falls on the earth in one hour to power the whole world for a whole year' and 'a 125 square mile area of solar power generation arrays could power all of the US for the next 30 years'.
Electric vehicle technology is already quite robust and more than adequate to suite the needs of the vast majority of people.
Somebody just has to grow a pair and push the technology out there and instead of trying to become a gazillionaire off of something just do it for the betterment of the people and get on path of freeing everybody from this slavery we are currently in.
Electric vehicle technology is already quite robust and more than adequate to suite the needs of the vast majority of people.
Somebody just has to grow a pair and push the technology out there and instead of trying to become a gazillionaire off of something just do it for the betterment of the people and get on path of freeing everybody from this slavery we are currently in.