Drilling will not help. Where will the new oil be refined? The politicians that have been sent to Washington DC for several years have blocked all attempts to build new refineries. The same politicians have blocked attempts to stop oil spectulators. This is an election year, people had better stop and think twice about saying I have always voted as a ................because that's the way I voted ten twenty years ago and I don't see any reason to change. We need someone representing us who will stand up to special interest groups and say no way. You could see the current economic condition the US is in coming years ago. Lowering the Federal interest rate helps no - one. Consumers assume to much debt thinking they will pay 2% interest. Banks are the only ones able to borrow money at 2% from the Federal Reserve. Consumers have charged and charged on credit cards with 19 - 30% interest rates. 30% you say, thats not possible; think again read the fine print in your statement, miss one payment and the interest rate on all remaining balance goes to an astronomical amount. The dollar is also devalued each time the Fed's lower interest rates and what we are able to buy for a dollar declines. The American dollar used to be the standard other currencies were measured against, not anymore. As the economy continues to decline, more and more people are finding this out. Individuals that have worked all there lives at a company are being dismissed. One individual who suffered such stated 26 weeks of unemployment will not provide money for house payments, car payments, dental insurance, health insurance, buy clothing for childern, buy food, buy gas or pay school fees, etc. The list goes on and on. He also stated all the jobs offered were for less than half of what he was making. Our only hope is that the oil speculators will take the same fininacial hit the greedy real estate speculators took. If this happenes maybe our economy will bounce back and return to it's old robust self.
High fuel prices hit home
- Thread starter deere755
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DavidVT
Gold Member
Have Govm't make a quiet side deal with Saudi to top off the strategic reserve for like $80/barrel which is what it should be at. Then open up the strategic reserves and flood the market just enough to make the speculators loose their shirts or worse.
I helped my dad squeeze fuel into the old dodge dart in the early 70's so we could make it to the summer camp. I remember the fuel rationing and know things could be worse right now. However there is a scary trend that I think we all see.......
To end on a positive note: I live in a rural area and the upside of the fuel prices was seeing a record crowd at the local town 4th of July parade instead of folks traveling far away. Good old apple pie, flag waving kind of parade with volunteer fire trucks and john deere antique tractors, children on floats, etc etc.
Only one VTair guard F16 flew over the parade this year rather than a pair, must be saving fuel..............
I helped my dad squeeze fuel into the old dodge dart in the early 70's so we could make it to the summer camp. I remember the fuel rationing and know things could be worse right now. However there is a scary trend that I think we all see.......
To end on a positive note: I live in a rural area and the upside of the fuel prices was seeing a record crowd at the local town 4th of July parade instead of folks traveling far away. Good old apple pie, flag waving kind of parade with volunteer fire trucks and john deere antique tractors, children on floats, etc etc.
Only one VTair guard F16 flew over the parade this year rather than a pair, must be saving fuel..............
shownuff
Gold Member
charlz
Elite Member
DavidVT said:
I just read an article to this affect this morning, more people doing local things. Then I read an article saying that rural areas might be hard hit as most people who live there commute to work. Fuel gets to expensive to afford the commute so they move out of the rural areas and closer to the work.
mrutkaus
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charlz
Elite Member
mrutkaus said:
Which seems to indicate that any day now there will be famine, wars, riots, etc. and millions will die...... so there _is_ a solution to the oil crises! Less people = less oil demand = lower prices for everybody (left)!
I once read a quote that the biggest mistake people make in life is that they expect how things are today is how they will always be. Change comes and they panic, get mad, whatever. Snows more than 'average' and we are going into an Ice Age, little warmer than 'average' and the whole planet is cooking. If there is one thing I've learned is that everything runs in cycles. Now, the extremes of those cycles might not be that pleasant but sooner or later the pendulum swings the other way....
Runner
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"However, I doubt you will see gasoline sub $2/gallon again, we have proven we will pay $4/gallon and 'whatever the market will bear' is always a factor in pricing."
What I can't figure out is, we didn't just get to where we would pay $4/gallon this year. We probably would have payed that price all along if that was the going rate, so why did they just now get to jacking the price up?
What other business intentionally charges LESS than what they can sell the product for? I understand the idea of speculators changing the price for crude, but that still doesn't explain why the oil companies didn't charge more in the first place.
I know they weren't taking it easy on us out of the goodness of their hearts.
What I can't figure out is, we didn't just get to where we would pay $4/gallon this year. We probably would have payed that price all along if that was the going rate, so why did they just now get to jacking the price up?
What other business intentionally charges LESS than what they can sell the product for? I understand the idea of speculators changing the price for crude, but that still doesn't explain why the oil companies didn't charge more in the first place.
I know they weren't taking it easy on us out of the goodness of their hearts.
charlz
Elite Member
Runner said:
FUD: Fear, Uncertainty and Doubt
Even with high oil prices they are in front of congress for raking in billions in profits. The market wouldn't bear $20/barrel oil and $4/gallon gas. If they tried there might be all kind of calls for the oil industry to be nationalized etc. So they have been pricing it to what they thought we would bear and what would give them a decent return. What they thought we would bear is largely based on what we have paid in the past. Remember it was a big deal when we passed the 'inflation adjusted' numbers from the past.