You heard it here first. People are bending but not breaking at $4 a gallon....i think the market could easily sustain $10 a gallon before demand levels out. 
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That was my personal thoughts not based on anyone elses data. But then i looked up "gas at $10 gallon" on google & found lots of people supporting my theory.
http://articles.moneycentral.msn.com...rsAGallon.aspx (very good article, along with a price calculator)
http://www.energybulletin.net/2897.html (from october 2004)
obviously i wasn't the first person to see gas topping out at $10 per gallon -
Saudi Arabia just put out a statement that there is no reason for the higher gas prices, they have plenty of oil, and are not sure why gas is so high.Comment
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I would bet it's more likely that it will drop back to $2 within a year, then it is that it will go up to $10... but who knows you might be right...Custom Software Development, email: woj#at#wojfun#.#com to discuss details or skype: wojl2000 or gchat: wojfun or telegram: wojl2000
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Can you please link me to that?
i think its obvious that "market speculators" & opportunist far outnumber the level just a few years back. Everyone wants to sit on their ass from home & make money these days.
They need to realize the only people who can do that.....ARE THE PORN GUYS!!!Comment
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Or we are artificially inflating gas prices to build the technology to deflect a asteroid. Like in Deep Impact....a secret expensive project
No way its going back down to $2....no market works like that....except fake ones (with huge supplies held back), like diamonds. Unless of course there have been some major oil finds recently not publicly released.
I do hope its all artificial though, I'd like to see everyone dumping their money into oil speculation...& the big oil companies lose it all.
USA! USA! USA!Comment
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I'm working on inventing a car that runs on forum bickering. I will revolutionize the auto and oil industries.I like pie.Comment
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Sorry I beat you to it
http://www.gfy.com/showpost.php?p=14302007&postcount=5
As long as the dollar is weak gas prices arent going down
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I hope it is 10 bucks a gallon soon.
Maybe some of the fucktards that cant drive will get the fuck off the road for my SUV with a 6l Engine a lead foot so that I can get 10mpg in peace.Coming Soon!Comment
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Saudi Arabia calls for talks about rising energy costs
'No justification' for jump in price of oil, official says
http://www.chron.com/disp/story.mpl/...y/5828380.htmlComment
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Why on earth would the Saudi's worry about cheaper oil.. Sounds like BS too me. They sell a product that allows them to sell less product and make more profit. They have tried to drive the price of oil up for years.In November, you can vote for America's next president or its first dictator.Comment
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There is still plenty of oil... Refining it just cant really keep up. But its the weak dollar thats really behind the high prices.
But still, I have a Trailblazer SS, sure I dont need it, but its my "fun" ride, and I use it to pull my Quad. But the CTS-V doesn't get much better mileage either, but again I bought it cause its fun and looks great.
But I couldn't have bought them if the US dollar wasn't so weak, and the rising fuel costs making them harder to sell.
The people driving the H2's and Escalades wont be too bothered by the fuel costs either though. The people that will be most effected are the working guys that need their trucks for work. And the low income people.Coming Soon!Comment
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If the dollar was stronger or back where it was a few years ago you'd be paying 10+% less per gallon than you are now.Comment
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Good luck trading that truck or SUV in when you get a new car and watch how funny you think that is.Comment
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na you said $11, but it won't go any higher than $10-10.50Sorry I beat you to it
http://www.gfy.com/showpost.php?p=14302007&postcount=5
As long as the dollar is weak gas prices arent going down
so just like on "the price is right" lets see who gets closer without going over
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Awww man, I'm gonna have to start walkin. At least I'll get exercisemypornolife [at] gmail [dot] comComment
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China: While consumers in much of the world have been reeling from spiraling fuel costs, the Chinese government has kept the retail price of gasoline at about $2.60 a gallon, up just 9 percent from January 2007.
WOW NOW THIS FUCKING PISSES ME OFF!!!!!!!Comment
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Drilling for more oil will take years to have an effect.
Building more refinaries will take years to have an effect.
Switching to non-oil energy will take years to have an effect.
The oil companies themselves have said that the poor US dollar and speculation are the main reasons for the high price of oil and thus gas. They've also stated that there is enough oil in the system to meet demand.
Fixing the US dollar will take years to have an effect.
So the only thing that could have a positive and quick effect of lower gas prices today, would be for congress to revise the truly fucked up (republican) Commodity Futures Modernization Act of 2000 to put the CFTC back in charge of regulating the futures market, and in particular, energy.
The Senate and Congress have known about this issue since 2006 and yet haven't acted to fix it.Comment
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Portuguese trucker killed as global fuel backlash escalates
- 1 hour ago
wow,.....
meanwhile
2 Energy Bills, Including Windfall Tax, Stall in Senate
New York Times - 4 hours agoComment
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I'd hope not, but right now it would not suprise me one bitComment
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I actually do feel that if we hit over 5.65 we will begin to see our own era's version of a depression in the US and if it reaches 7.50 we will be neck deep in one.
This is taking into effect of everything else also rising as they have been along with it. After you take a peak at all of the states minimum wage laws (forget federal even as it rarely applies) and you can quickly see how many will soon be very fucked.
I also know everything is still about convenience yet will it come to a point of seeing community canning centers and people dropping the yards in favor of gardens again out of necessity. Hell do most know how to can still, or even make a loaf of bread?
OK yeah I am a little whacked in the head at times but alas my great grandmother stayed in like depression era preparation mode throughout her life and made damn sure we all knew how to save what we could, make what we can, and want as little as possible.Comment
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i see breaking 10 too ..Compound interest.Comment
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I've been trying to tell my friends we should go back to riding hroses to get around for years - but no one listens to me
Horses will solve traffic problems, gas price problems (sure horses have costs but they arent that bad) and they are fun to ride. Not to mention a DUI on a horse you will likely only injure yourself, no one else
Skype variuscr - Email varius AT gmailComment
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My guess is $8 a gallon within a year, 2x of current price.
Lets see..Comment
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I bid $9.97na you said $11, but it won't go any higher than $10-10.50
so just like on "the price is right" lets see who gets closer without going overComment
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We pay close to $7 a gallon, so I won't be surprised
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I think the government will have to step in and subsidize fuel before it hits the wacky numbers. I dont they will just let the country go down the drain and never recover.Comment
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There are many reasons Oil has risen in price. Here's a few.
A) $ is worth 2/3 what it was worth 5 to 6 years ago, for an Arab sheik, Russian billionaire or who ever has the oil, it the $ exchange rate has meant they would be getting less. If the price stayed where it was. I told everyone here that the falling $ meant you would pay more for goods. As usual many said I was wrong.
B) Speculators are forcing up the price. They make money while it goes up.
C) Demand. America decided it would be a great idea to make China a favored trading nation. Whoops, now those bloody Chinese are consuming all the oil. Goes further than oil but when you export jobs to buy in cheap T Shirts, the bloody fools don't keep making T Shirts. They decide to make other things you were making and decide they want the good life as well.
D) Supply. The problem with supply is refineries. Who builds refineries? Yes oil companies. So which one will invest money in an refinery to bring down the price of oil?
"Guys we need to spend $100 million on a new refinery so we can bring down the price on oil and lower our turn over $100 million." He got fired 15 minutes after making this suggestion.
E) Resource. It is getting harder to find and extract so the cost is passed on. (Just a little one but still a factor.)Comment
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