View Single Post
Old 11-19-2008, 04:59 PM  
Sly
Let's do some business!
 
Sly's Avatar
 
Industry Role:
Join Date: Sep 2004
Location: Austin, TX
Posts: 31,372
Quote:
Originally Posted by crockett View Post
How about big oil decided it was better to lower their prices than have the auto industry shift to hybrid and more fuel efficient vehicles. If the prices are lower it will stop people from buying more efficient cars and the govt will likely relax the push toward more fuel efficient autos.

If gas is back under $2.00 it's hard to push that whole agenda along. Considering part of the reason the big three are tanking is because of fuel prices, I'd guess that might have something to do with it as well. They won't be selling much oil if people aren't buying gas.

The simple fact that gas is back down under $2 again, just proves the rapid price increase had no real basis on supply and demand but rather manipulation of the market. What has changed to cause the price to drop.. notta damn thing.
Speculation, a global recession, and major weakening demand had absolutely nothing to do with it...
__________________
Vacares - Web Hosting, Domains, O365, Security & More - Paxum and BTC Accepted

Windows VPS now available
Great for TSS, Nifty Stats, remote work, virtual assistants, etc.
Click here for more details.
Sly is online now   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote