DGSky
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How have you changed your life to deal with the ever increasing gas rates? What chnages do you plan to take?
Squeaks!!!it hasn't... but it will start to when it hits the 8.00 mark. like most people i think i will just have to keep on keeping on
No.a lot of you guys have it worse than me with your commutes and all.it all sounds really shyutty im sorry..but yeah gas right now is $4.17..are there really predictions for gas up to $8.00??
HAHAHA we will see about that!!! Nice to see you again hun!Squeaks!!!
I'm more studly now than the last time I saw you on the board. So stop fantasizing about my pecs, you horn ball.
:whip:
a lot of you guys have it worse than me with your commutes and all.it all sounds really shyutty im sorry..but yeah gas right now is $4.17..are there really predictions for gas up to $8.00??
Insert Hillary QuoteIts $9/gallon in the UK.
66% of that $9 is taxes. So when you elect people who say they want to tax oil companies because they make so much money, you are moving toward what Europe already has.
Take their profits!! Sounds like a line right out of Atlas Shrugged.Insert Hillary Quote
"The other day the oil companies recorded the highest profits in the history of the world. I want to take those profits. And I want to put them into a strategic energy fund that will begin to fund alternative smart energy, alternatives and technologies that will actually begin to move us in the direction of independence."
All for the common good!
Universal health care?Its $9/gallon in the UK.
66% of that $9 is taxes. So when you elect people who say they want to tax oil companies because they make so much money, you are moving toward what Europe already has.
Universal health care?
Anyone who drives!
I think I'm just gonna get a Tesla Roadster and call it a day.Then get ready for $9/gallon prices if you want to cover 300 million people.
No.
I work for an oil company. Crude has dropped near 10 bucks in the last week.
Some Asian countries that were subsidizing the price of gas for their citizens (to a dime or 40 cents or whatever) have realized how much it is bleeding their country's budget and are raising the price of gas.
That should help lower consumption in their countries.
The dollar is strengthening against the Euro.
Those should combine to continue to bring down crude oil. Gasoline prices will follow, but a lag of 2 weeks or so.
I think pretty soon we'll reach the crest in prices and then they will fall.
(This is excepting a hurricane in the Gulf of Mexico or some catastrophe in the middle east that knocks out crude oil production.)
hey i had to read that book for an english project this past year ...long a$$ book.Take their profits!! Sounds like a line right out of Atlas Shrugged.
Crude today is UP 10$/bbl and the dollar has DROPPED further today.
hehe... eat your words!No.
I work for an oil company. Crude has dropped near 10 bucks in the last week.Some Asian countries that were subsidizing the price of gas for their citizens (to a dime or 40 cents or whatever) have realized how much it is bleeding their country's budget and are raising the price of gas.
That should help lower consumption in their countries.
The dollar is strengthening against the Euro.
Those should combine to continue to bring down crude oil. Gasoline prices will follow, but a lag of 2 weeks or so.
I think pretty soon we'll reach the crest in prices and then they will fall.
(This is excepting a hurricane in the Gulf of Mexico or some catastrophe in the middle east that knocks out crude oil production.)
hehe... eat your words!
Damn war mongers.You can thank Israel for that one. This one was a pure speculative play.
But then again has my vote. Haha.But then again....
But then again has my vote. Haha.
what real estate bubble?I remember they said that during the tech bubble...and the real estate bubble...then they all got scalped
True. I hope so.I remember they said that during the tech bubble...and the real estate bubble...then they all got scalped
My little brother just bought a house here for $120k. We figured it cant go down much lower than that. He needed to move out of my moms house anyway though. And $120k for anything in Cali is a deal.what real estate bubble?
i saw this on amazon...people can be so dumb
Are You Missing the Real Estate Boom?: The Boom Will Not Bust and Why Property Values Will Continue to Climb Through the End of the Decade - And How to Profit From Them (Hardcover)
http://www.amazon.com/Are-Missing-Real-Estate-Boom/dp/0385514344/ref=sr_1_15?ie=UTF8&s=books&qid=1212787349&sr=8-15
I just bought a house in south florida a few weeks ago as well.. the deals are amazing for buyers... At closing... the seller walked away with a check for $75.95.My little brother just bought a house here for $120k. We figured it cant go down much lower than that. He needed to move out of my moms house anyway though. And $120k for anything in Cali is a deal.
By ADAM SCHRECK, AP Business Writer
Oil prices made their biggest single-day leap ever Friday, dragging the Dow Jones industrials down nearly 400 points and raising the once-unthinkable prospect of $150 oil and more record gas prices by the Fourth of July.
The meteoric rise of nearly $11 for the day piled atop an increase of almost $5.50 the day before, taking oil futures more than 13 percent higher in just two days, easily a record on the New York Mercantile Exchange.
And those weren't the only stunning numbers of the day: The government also reported the nation's unemployment rate zoomed to 5.5 percent in May, a monthly rise of half a percentage point, the biggest in 22 years.
Oil settled at $138.54, a rise of more than 8 percent. The surged came after Morgan Stanley analyst Ole Slorer predicted strong demand in Asia and tight supplies in the Western Hemisphere could drive prices to $150 by Independence Day, when millions of Americans take to the roads.
I love how people complain about gas but still pay $100++ for digital TV and 1000 channels and other luxuries that are unnecessary in life.
This is NOT directed towards anyone on the forum, but just the average consumer. Gas prices suck...but its costing most of us about $50-$100 more per month. Im sure most of us can give up 1 or 2 luxuries to cover that difference. (ie processed foods, eating out, cable tv, etc).
On the flip side... boneless/skinless chicken is $1.75/lb at albertsons... saves me $2/lb right there over the regular supermarket. Theres ways to offset the gas prices... even if you have to become a coupon cutter..ha
Even if it did I believe oil companies will come up with some excuse to keep prices elevated.How about Ole Slorer just 'predict' oil will plummet to $80/bbl?
Even if it did I believe oil companies will come up with some excuse to keep prices elevated.
We need a president with enough balls to make the statement that we will be off oil in 10 years and will it to happen, just as Kennedy said with regard to a man on the moon.
I love how people complain about gas but still pay $100++ for digital TV and 1000 channels and other luxuries that are unnecessary in life.
Even if it did I believe oil companies will come up with some excuse to keep prices elevated.
We need a president with enough balls to make the statement that we will be off oil in 10 years and will it to happen, just as Kennedy said with regard to a man on the moon.
That's the thing, if prices start to go up significantly higher then competition is exactly what you will have. Right now, the majority of middle eastern and Asian countries subsidize oil and they simply cant afford to keep doing that. What people don't understand is even though countries like Iran have an enormous amount of oil....they can't even refine it. The actually buy gasoline from us! They are going to be forced to pass the price increase on the actual consumer. Once you do that, then the playing field becomes more level and you will see prices drop. Now that's not going to happen overnight but you already it happening in some countries.True. I hope so.
It just seems like oil being something that no one can just go out and start a new company to produce, and unlike houses, anyone can afford $30 for a few gallons of gas without having to qualify for anything, and that will allow the bubble to endure more pokes from the pin. I know there are several other factors that can influence this whole situation, but there isnt going to be a flood of competition influx, and no one is going to change laws on who can qualify to purchase gas.
Im not really trying to argue against your opinion here, more just trying to say that I think the oil industry has more control over its future than other bubbles of the past. You seem to be more educated on the matter, so I hope your projection of the situation is better than my speculation.
Hydrogen powered cars aren't that far off. My company is currently doing extensive research in the hydrogen fuel cell area. And in the mean time retrofitted all of University of Delaware's buses with Hydrogen engines. Instead of stopping at a gas station, they refill at a Hydrogen refueling station that we keep topped up for them. Just a little insider info.Have you seen the movie 'Who killed the Electric Car?'
Oil companies are becoming 'Energy Companies' which is why electric cars have died and the governmental push for 'Hydrogen' (which is a HELL of a ways off). They will continue to dangle the hydrogen carrot in front of us long enough to sell all of their oil reserves. Government 'intervention' just equates to legislation and pandering to get kickbacks, stock options and cushy positions within their company when the politician is out of office.
The C.A.R.B (California Air Resources Board) chairman was already a major player in Hydrogen when he essentially squashed all of the electric infrastructure in California.
Interesting:Hydrogen powered cars aren't that far off. My company is currently doing extensive research in the hydrogen fuel cell area. And in the mean time retrofitted all of University of Delaware's buses with Hydrogen engines. Instead of stopping at a gas station, they refill at a Hydrogen refueling station that we keep topped up for them. Just a little insider info.
Agreed to the extent that its still years down the road to make it a viable solution. But where do you think the majority of the electricity that you are using to recharge that battery comes from...non-renewable resources. I say majority, because wind power, solar power, and interestingly enough wave power (oceanic), and hydro-electric are all small sources as well.Interesting:
http://www.udel.edu/PR/UDaily/2007/apr/bus040907.html
10-15yrs away, at least. Some are saying 20+. They still have several technical hurdles to overcome, its most easily produced from natural gas not water and the infrastructure required for filling stations will be in the BILLIONS.
Natural gas is not prevalent in some parts of the country, they can't easily store/transport it, and its a non-renewable hydrocarbon.
I would have rather just plugged my car in while at home or stop at one of the many quick fill stations that were already built in CA.
Agreed to the extent that its still years down the road to make it a viable solution. But where do you think the majority of the electricity that you are using to recharge that battery comes from...non-renewable resources. I say majority, because wind power, solar power, and interestingly enough wave power (oceanic), and hydro-electric are all small sources as well.
I think the research of renewable sources of energy is still in its infancy.
Thats pretty cool Xodus, I didn't realize that CA had electric filling stations. I'd love to see the US go nuclear, similar to France, in that its all Federally regulated instead of each plant being so damn different. But thats off topic.Most of the filling stations that CA had utilized solar panels. True, electricity requires either coal fired or nuclear plants, but we would have at least gotten a handle on this a few years ago and coal, while dirty is still viable, domestic and would have been cleaner than the emissions currently coming out of the tailpipe now.
CA's laws would have forced automakers to produce and sell a percentage of 'cleaner' cars otherwise they could not sell ANY cars in the state by 2009.
Sort of the chicken before the egg scenario:
http://www.arb.ca.gov/newsrel/nr041508.htm
Still only talking a few hundred - few thousand cars by 2014.
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