$3.37 Gas & $3.58 Diesel - Thrilled.

[Oldchuck]

Grateful, the confusion and misinformation we see and hear trying to blame one politician or another, one company or another are just symptoms of the pain and suffering we endure at the pump and in the misguided scramble for new super giant oil fields which no longer exist. You ain't seen nothin' yet.

 

[Don87]

You ain't seen nothin' yet.

Never a truer word spoken.

 

[Don87]

But I will add...............Here in the USA............we have over 300 years of oil reserves.........offshore and on.
Look it up.

 

[Oldchuck]

Don, we will never actually "run out" of petroleum but by 2035 no one will be able to afford to burn it in an IC. You may quote me on that.

 

[Don87]

Don, we will never actually "run out" of petroleum but by 2035 no one will be able to afford to burn it in an IC. You may quote me on that.

I think it will be a lot sooner than that if these liberal/progressives prevail.

 

[Grateful11]

Confusion can become a problem when relying on unreliable news sources..............kinda like the gulf oil devastation that is happening today, as per our Vermont sources.

Well Don where do you get your information? Enquiring minds would like to know. USAToday isn't reliable? I honestly don't know, I get the WSJ everyday and it seems pretty reliable? Nowadays it seems that a lot of people won't believe anything that doesn't fit their agenda. Where did you get the $10/gal. Diesel by Fall number at? I'm going to try and bug out of this thread because it going no where but downhill. I look for this thread to be locked down before long.

I did hear from what I consider a reliable source just the other day that at least $20 of every barrel of oil is due to market speculation and has nothing to do with physical price of the oil itself.

 

[Don87]

My estimation is that at the rate oil is going up...........10 dollars looks feasible.(but there are other factors I'm looking at)

But in all actuality.........5 bucks is gonna cripple our fragile economy here in the USA.

Depression is a probability if the liberal/progressives keep it up.

The dollar is about to be replaced with another currency, that coupled with our economic crisis will cause runaway inflation............

Most people are stuck in the "it will be ok attitude". But, no it ain't gonna be ok.

14 trillion dollars in debt, we are very near 100% of GDP............this country is in for a world of hurt.........thus 10 dollars is feasible, and probably on the low side.

Statistics show that no country in history has recovered from a debt that is 100% of GDP.

 

[Transit]

Don, the good part is that it will plunge the world into a depression that will reset our do gooder mentality that got us into trouble.

 

[Grateful11]

Don you keep saying, "if the liberal/progressives keep it up." Is our problems the fault of liberals/progressives? I'm not really a man of the world so don't really know, I kind of live in a sheltered world, in other words I don't really get out among the rest of the world like some others.

 

[300UGUY]

My estimation is that at the rate oil is going up...........10 dollars looks feasible.(but there are other factors I'm looking at)

But in all actuality.........5 bucks is gonna cripple our fragile economy here in the USA.

Depression is a probability if the liberal/progressives keep it up.

The dollar is about to be replaced with another currency, that coupled with our economic crisis will cause runaway inflation............

Most people are stuck in the "it will be ok attitude". But, no it ain't gonna be ok.

14 trillion dollars in debt, we are very near 100% of GDP............this country is in for a world of hurt.........thus 10 dollars is feasible, and probably on the low side.

Statistics show that no country in history has recovered from a debt that is 100% of GDP.

2 wars, no taxes to pay for the wars. A expensive drug plan, no taxes to fund it. Then 2 tax cuts. The debt problem started way before the current administration. Everything since 2001 has been a failure.