Gas Going To $7.00 A Gallon by 2010
06-28-2008, 02:36 PM
#22
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My hopelessly unenlightened opinion:
Demand mostly in China is the demand factor that has driven at barrel
price up.
China has been an economic juggernaut far out of proportion to the real
amount of wealth there. This house of cards will come crashing down later
this year after the olympics. China will suffer an economic disaster of economic proportions (from too much being poured in too fast on prospects that won't materialize for years to come). Their demand, actually need, for
oil will drop dramatically.
The price of gas at our pumps will never drop. Forget about that. But the above event I believe will have it plateau for several years.
But then, what do I know.
Demand mostly in China is the demand factor that has driven at barrel
price up.
China has been an economic juggernaut far out of proportion to the real
amount of wealth there. This house of cards will come crashing down later
this year after the olympics. China will suffer an economic disaster of economic proportions (from too much being poured in too fast on prospects that won't materialize for years to come). Their demand, actually need, for
oil will drop dramatically.
The price of gas at our pumps will never drop. Forget about that. But the above event I believe will have it plateau for several years.
But then, what do I know.
06-28-2008, 02:51 PM
#23
Charter Member #232
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One idea: Has anybody ever considered the fact that the higher the price goes the more tax dollars the gov't gets.....the same gov't that is trillions in the hole. Then they set up a committee to look at the problem, a committee they know couldn't resolve anything.
Second idea: Could it be our gov't is trying to covertly address the global warming "issue" that they haven't been paying attention to over the past 40 years. Could the high price of fuel be one way to basically MAKE Americans start to automatically address the situation???? Probably 90% of new car buyers are shopping for mileage when purchase.....which is exactly what the gov't wants.
I love conspiracy
The other night I was half in the bag doing a little channel surfing. I ended up on CSPAN. It was coverage of the "gas crisis Committee". I was in a trance with the babble that was dripping out of these peoples faces. If you ever get bored...I mean real bored, flip on CSPAN and grab a good cocktail.
Second idea: Could it be our gov't is trying to covertly address the global warming "issue" that they haven't been paying attention to over the past 40 years. Could the high price of fuel be one way to basically MAKE Americans start to automatically address the situation???? Probably 90% of new car buyers are shopping for mileage when purchase.....which is exactly what the gov't wants.
I love conspiracy
The other night I was half in the bag doing a little channel surfing. I ended up on CSPAN. It was coverage of the "gas crisis Committee". I was in a trance with the babble that was dripping out of these peoples faces. If you ever get bored...I mean real bored, flip on CSPAN and grab a good cocktail.
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06-28-2008, 04:17 PM
#24
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How are you going to do that? Oil is traded in every major city in the world. This is just more chest thumping and idle threats by the politicians who know nothing about commodities markets. Let's say everyone got together and stopped futures trading. What then? We we would have no oil deliveries. Oh, that's a great idea.
Besides that, what is speculation anyway? It just means oil is being priced at what it is worth at the moment. No one has a corner on the oil market.
Instead of everyone complaining, you have to look at alternatives. I think natural gas is our best bet for a transportation fuel. It's much cheaper than gasoline, and the US has huge NG reserves. There are some tradeoffs in terms of vehicle range, but everything has a tradeoff. Second thing is to stop burning natural gas to produce electricity. That's just a waste.
Michael
Besides that, what is speculation anyway? It just means oil is being priced at what it is worth at the moment. No one has a corner on the oil market.
Instead of everyone complaining, you have to look at alternatives. I think natural gas is our best bet for a transportation fuel. It's much cheaper than gasoline, and the US has huge NG reserves. There are some tradeoffs in terms of vehicle range, but everything has a tradeoff. Second thing is to stop burning natural gas to produce electricity. That's just a waste.
Michael
Read an article about the Intercontinental Exchange (ICE), and their "Enron Loophole".
WE are being F'd in the A by the commodity exchange.
http://www.washingtontimes.com/news/...ion-unleashed/
Oil would fall to $70 a barrel OVERNIGHT if our do nothing congress would step in and regulate the trading.
-Joe
06-28-2008, 09:05 PM
#25
Charter Member #232
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You are a misguided fellow in regards to the oil speculation; however I agree with you on alternatives.
Read an article about the Intercontinental Exchange (ICE), and their "Enron Loophole".
WE are being F'd in the A by the commodity exchange.
http://www.washingtontimes.com/news/...ion-unleashed/
Oil would fall to $70 a barrel OVERNIGHT if our do nothing congress would step in and regulate the trading.
-Joe
Read an article about the Intercontinental Exchange (ICE), and their "Enron Loophole".
WE are being F'd in the A by the commodity exchange.
http://www.washingtontimes.com/news/...ion-unleashed/
Oil would fall to $70 a barrel OVERNIGHT if our do nothing congress would step in and regulate the trading.
-Joe
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06-29-2008, 12:59 AM
#26
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You are a misguided fellow in regards to the oil speculation; however I agree with you on alternatives.
Read an article about the Intercontinental Exchange (ICE), and their "Enron Loophole".
WE are being F'd in the A by the commodity exchange.
http://www.washingtontimes.com/news/...ion-unleashed/
Oil would fall to $70 a barrel OVERNIGHT if our do nothing congress would step in and regulate the trading.
-Joe
Read an article about the Intercontinental Exchange (ICE), and their "Enron Loophole".
WE are being F'd in the A by the commodity exchange.
http://www.washingtontimes.com/news/...ion-unleashed/
Oil would fall to $70 a barrel OVERNIGHT if our do nothing congress would step in and regulate the trading.
-Joe
If you really think it is speculation, then sit down, and relax. The market will correct, just like it has in housing.
Mark my words. It is all talk by the politicians. They won't accomplish a thing.
Michael
06-29-2008, 02:05 AM
#27
Charter Member #737
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[
If you really think it is speculation, then sit down, and relax. The market will correct, just like it has in housing.
Michael[/QUOTE]
That I have to see. My house when up 3 grand last year and then went down 20 grand this year. A big F**k me for building a new house when I did two years ago. I am just glad I sold the boat and the dually when I did.
If you really think it is speculation, then sit down, and relax. The market will correct, just like it has in housing.
Michael[/QUOTE]
That I have to see. My house when up 3 grand last year and then went down 20 grand this year. A big F**k me for building a new house when I did two years ago. I am just glad I sold the boat and the dually when I did.
06-29-2008, 04:36 AM
#28
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I don't know about you chest thumpers, but the only way I know how to make money that fast is to print it myself. I got into a bigger boat knowing that it was the dumbest purchase I'll ever make in my life. Yes I've owned boats before but not in this climate. I agree with the second post (I believe it was #2) Live for the day if it's something you've been looking forward to and are at that point in you're life that you can do it without bringing down "the house of cards". I would not be surprised if my purchase four months ago is worth nothing and gas is either cost prohibitive or non-existant in the not too distant future. But hey, I had a very good idea it may happen and chose to roll with it, that's the price I put on my boating experience.
06-29-2008, 10:27 AM
#29
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If you really think it is speculation, then sit down, and relax. The market will correct, just like it has in housing.
Michael
That I have to see. My house when up 3 grand last year and then went down 20 grand this year. A big F**k me for building a new house when I did two years ago. I am just glad I sold the boat and the dually when I did.
Michael
That I have to see. My house when up 3 grand last year and then went down 20 grand this year. A big F**k me for building a new house when I did two years ago. I am just glad I sold the boat and the dually when I did.
Michael
