Gas Going To $7.00 A Gallon by 2010
06-27-2008 | 04:42 PM
#1
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Gas Going To $7.00 A Gallon by 2010
A new report out today by top energy analysts said that by 2010, which is only a year and a half away the price of fuel per barrel will reach $200. That will mean $7.00 a gallon at the pumps. For boaters, that will mean $8.00 a gallon or more. People will be spending more for fuel than for food. This may turn out to be the "good old days" for boating. This scenerio will put boating out of reach to all but a very small minority. A year and a half goes by in a flash............nothing is being done.....just talk.
06-27-2008 | 04:55 PM
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From: Toronto, ON
This is all a self fulfilling prophecy. Oil is a critical component of our economy and yet they allow speculators to materially affect pricing on the open market. If they want to get serious about stabilizing oil prices, a good start would be halting oil futures trading. Germany is already considering it.
06-27-2008 | 05:35 PM
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From: Atlanta
People will be spending more for fuel than for food. This may turn out to be the "good old days" for boating. This scenerio will put boating out of reach to all but a very small minority.
How about we STOP trying to put food into our tanks, and tap into our very own reserves and quit BLAMING everyone else for our problems.
Last edited by mccaffertee; 06-27-2008 at 05:38 PM.
06-27-2008 | 05:42 PM
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From: Boyne/Charlevoix , MI
That's why I Bought the biggest boat I could afford Last month. Better do it NOW cuz we may not be able to later. My wife and Kids Love it. Is there smarter things to do? heII Yeah!! But you're dead along time. I think others call it an addiction.
10 years ago the US with 25% of the worlds people used 75% of the worlds resources. That wasn't going to last and those days are not coming back. I think Restricting the futures trading, and being more self sustaining would be a benefit.
I just dropped my second $600 fill up today. we got 6 weekends on the last one. Should be around 4G's by fall. One full Summer of boating, still cheaper than a trip to Disney for 5 for a week.
Most people wait their whole lives for things they could only enjoy when they were young.
10 years ago the US with 25% of the worlds people used 75% of the worlds resources. That wasn't going to last and those days are not coming back. I think Restricting the futures trading, and being more self sustaining would be a benefit.
I just dropped my second $600 fill up today. we got 6 weekends on the last one. Should be around 4G's by fall. One full Summer of boating, still cheaper than a trip to Disney for 5 for a week.
Most people wait their whole lives for things they could only enjoy when they were young.
06-27-2008 | 06:06 PM
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Enjoy Life While You Can
That's why I Bought the biggest boat I could afford Last month. Better do it NOW cuz we may not be able to later. My wife and Kids Love it. Is there smarter things to do? heII Yeah!! But you're dead along time. I think others call it an addiction.
10 years ago the US with 25% of the worlds people used 75% of the worlds resources. That wasn't going to last and those days are not coming back. I think Restricting the futures trading, and being more self sustaining would be a benefit.
I just dropped my second $600 fill up today. we got 6 weekends on the last one. Should be around 4G's by fall. One full Summer of boating, still cheaper than a trip to Disney for 5 for a week.
Most people wait their whole lives for things they could only enjoy when they were young.
10 years ago the US with 25% of the worlds people used 75% of the worlds resources. That wasn't going to last and those days are not coming back. I think Restricting the futures trading, and being more self sustaining would be a benefit.
I just dropped my second $600 fill up today. we got 6 weekends on the last one. Should be around 4G's by fall. One full Summer of boating, still cheaper than a trip to Disney for 5 for a week.
Most people wait their whole lives for things they could only enjoy when they were young.
06-27-2008 | 06:10 PM
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From: Rolla/LOTO MO
A new report out today by top energy analysts said that by 2010, which is only a year and a half away the price of fuel per barrel will reach $200. That will mean $7.00 a gallon at the pumps. For boaters, that will mean $8.00 a gallon or more. People will be spending more for fuel than for food. This may turn out to be the "good old days" for boating. This scenerio will put boating out of reach to all but a very small minority. A year and a half goes by in a flash............nothing is being done.....just talk.
What will our boats be worth then? Maybe on the other hand I'll be able to afford a bigger one. Just no gas money.
06-27-2008 | 07:34 PM
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From: houston tx
Has demand increased 100% in the last year ? No
Has supply dropped that much ? NO
So why is the price of oil so high ?
Demand in the us dropped 5% that is alot of gas/oil.
Same reason yahoo etc were trading for over 200 per share with no revenues.
Speculation. so what happens when the traders take a huge hit ? Will the govt bail them out again ?
Remember bank of england went under on oil spec.
The US needs an energy policy has need one since carter, but since the price of oil was low no one wanted to make the hard call.
We need additional drilling, but we also need conservation. I personally drive a hybrid.
Look at the price of diesel, thats nuts.
No more ethanol.
Pretty good rant from a guy in houston, TX
Has supply dropped that much ? NO
So why is the price of oil so high ?
Demand in the us dropped 5% that is alot of gas/oil.
Same reason yahoo etc were trading for over 200 per share with no revenues.
Speculation. so what happens when the traders take a huge hit ? Will the govt bail them out again ?
Remember bank of england went under on oil spec.
The US needs an energy policy has need one since carter, but since the price of oil was low no one wanted to make the hard call.
We need additional drilling, but we also need conservation. I personally drive a hybrid.
Look at the price of diesel, thats nuts.
No more ethanol.
Pretty good rant from a guy in houston, TX
