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How High Will Gas Go?

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GOSD
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Postby GOSD » Tue Jun 17, 2008 1:09 pm

daitong wrote:Yeah, and I don't know the solution. I feel like the problem is too institutionalized at the moment. Going extreme on regulation or free market ideology is not going to fix it. I don't think protectionism or fundamental globalization will get us out of this. I do think that American ingenuity and production need to kick this in the ass. We need to find that can do spirit again, instead of clinging onto solutions that worked for us in the past.
Yeah, fools who propose digging for more oil should STFU. That will do nothing.

or we could just take over Venezuela, Nigeria and Saudia Arabia. ;)

Watch out, Canada! You're next! :-D

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Postby Zechs » Tue Jun 17, 2008 1:13 pm

GOSD wrote:Yeah, fools who propose digging for more oil should STFU. That will do nothing.

or we could just take over Venezuela, Nigeria and Saudia Arabia. ;)

Watch out, Canada! You're next! :-D


I think it's high time that we finally honor our forefathers in America's desire to finally conquer those damn Canucks.
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Postby daitong » Tue Jun 17, 2008 1:18 pm

Frost wrote:I think it's high time that we finally honor our forefathers in America's desire to finally conquer those damn Canucks.


French/ Indian War Part II, Electric Boogaloo.
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Postby Shady » Tue Jun 17, 2008 1:20 pm

GOSD wrote:Yeah, fools who propose digging for more oil should STFU. That will do nothing.

or we could just take over Venezuela, Nigeria and Saudia Arabia. ;)

Watch out, Canada! You're next! :-D


I thought it already happened 3 yrs ago? :?

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Postby CountD » Tue Jun 17, 2008 1:21 pm

our 'friends' to the north have the oil shale...Let's invade!!!

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Postby The Juan Percenter » Tue Jun 17, 2008 1:23 pm

The price of oil is mostly due to 1) increased demand from emerging markets , 2) a Low dollar which in turn causes 3) higher speculation in commodities such as oil and gold.

Solving 1) would mean drilling offshore or digging for shale that is in the midwest. The environmental lobby is too strong to allow this to happen. Solving 2) would mean making the dollar stronger. The first step would be the having the Fed start jacking up those interest rates again. The low rate means low return for the dollar investments and investors have been pulling their money out (including little guys like me - my IRA is in foreign companies and natural resources). Get the dollar back in shape and investors will pull money out of oil and back into US investments. That would cause oil to start dragging lower.

It looks like oil companies are now taking a hit with high gas prices - Exxon Mobil is selling off all of their retail gas stations because the are not making any profits off of the high pump prices.

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Postby Zechs » Tue Jun 17, 2008 1:24 pm

daitong wrote:French/ Indian War Part II, Electric Boogaloo.


Nah that was the first the last War of 1812: The Wrath of Madison has possiblities.
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I especially like and admire Zechs. He's everything I wish I could be!

Dragavon wrote:Zechs... is...

Zechs...is...

I can't say it. It's too horrible. Zechs...is...not...wrong...

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Postby CountD » Tue Jun 17, 2008 1:24 pm

there are a million commercials on now trying to get you to sell scrap gold.

I may just try it!!!

GOSD
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Postby GOSD » Tue Jun 17, 2008 1:26 pm

Frost wrote:I think it's high time that we finally honor our forefathers in America's desire to finally conquer those damn Canucks.
Damn straight.

All we need is a shotgun and some snowshoes. :-D

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Postby GOSD » Tue Jun 17, 2008 1:28 pm

Shady wrote:I thought it already happened 3 yrs ago? :?
We invaded Canada already and no one told me? :shock: :cry:

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Postby L Independant » Tue Jun 17, 2008 1:32 pm

GOSD wrote:Yeah, fools who propose digging for more oil should STFU. That will do nothing.

or we could just take over Venezuela, Nigeria and Saudia Arabia. ;)

Watch out, Canada! You're next! :-D
A drop in the bucket. McCain is proposing we do just that, though, and use taxpayer dollars to fund it, too. It's like paying for oil twice! :-D

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Postby DeadFett » Tue Jun 17, 2008 1:34 pm

I read that some analysts predicting $8 by the end of the year. Milton is right though. The interests rates need to be raised to increase the value of the dollar.
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Postby Shady » Tue Jun 17, 2008 1:35 pm

GOSD wrote:We invaded Canada already and no one told me? :shock: :cry:


I always thought the first sign of the apocalypse was when Krispy Kreme moved to Canada.

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Postby The Juan Percenter » Tue Jun 17, 2008 1:37 pm

DeadFett wrote:I read that some analysts predicting $8 by the end of the year. Milton is right though. The interests rates need to be raised to increase the value of the dollar.


Even though he may be right, don't get too caught up with analysts predictions. A lot of times they make these predictions to get headlines. About 8 months ago, Alan Greenspan predicted that we would have a recession that rivaled the Great Depression. When it became more apparent that he was way, way, way off he backtracked. He backtracked even farther when people started pointing fingers at him (the people had a good point IMO).

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Postby DeadFett » Tue Jun 17, 2008 1:39 pm

milton73 wrote:Even though he may be right, don't get too caught up with analysts predictions. A lot of times they make these predictions to get headlines. About 8 months ago, Alan Greenspan predicted that we would have a recession that rivaled the Great Depression. When it became more apparent that he was way, way, way off he backtracked. He backtracked even farther when people started pointing fingers at him (the people had a good point IMO).


This is another case that I hope is way off. At $8 a gallon I don't know if it would be worth it to keep my current job.
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