$5 gas and $150 oil a done deal

[bchris02]

Originally Posted by evilnewbie

10 million cars go off the road if it hits $7... Damn, I hope it hits $7 then... thats a good thing....

How old are you? If you actually depended on this economy to make your living, you would NOT hope for $7. Gas prices effect everything, not just how much you pay at the pump. $7 gas would mean a 40% increase in food costs alone, providing the trucking business didn't collapse. I don't think $7 is in oil companies' best interest either, as massive demand destruction will occur by that point. We are NOT Europe. 90% of Americans depend on their cars for their daily lives. Outside of New York, Chicago, and maybe Boston (though thats pushing it), that is probably closer to 99.5%.

[Wild Style]

Originally Posted by bchris02

How old are you? If you actually depended on this economy to make your living, you would NOT hope for $7. Gas prices effect everything, not just how much you pay at the pump. $7 gas would mean a 40% increase in food costs alone, providing the trucking business didn't collapse. I don't think $7 is in oil companies' best interest either, as massive demand destruction will occur by that point. We are NOT Europe. 90% of Americans depend on their cars for their daily lives. Outside of New York, Chicago, and maybe Boston (though thats pushing it), that is probably closer to 99.5%.

even in those cities mass transit would be pushed to its limits.