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As soon as the Fed begins monetizing the debt (buying back Treasuries, aka "printing money"). Now that China is likely dumping some bonds to fund its economic stimulus, Mr. Bernanke has already hinted on doing this.
Don't worry, gas will still be very cheap....you'll be able to buy 200-250 gallons for one ounce of gold all day long. If you don't have gold, well then you'll probably be screwed.
I've already begun preparing by not accepting dollars for private transactions.
When the global economy gets better, definitley because demand will rise and eventually the supply will run down.
It'd be nice if the politicians would devote more money towards public transportation/mass transit instead of devoting their time to hearing the "Big Three" beg for money.
I hope not for a long time. But I'm still not going to go out and buy an SUV. I have a compact car and a motorcycle. It really is nice to drive away from the pump after dropping only $15.
My baseless prediction: Iran will pull something soon after Obama takes office. I wouldn't be terribly surprised if they were to try to block the straight of Hormuz.. I think it's more likely that they'll push for OPEC to cut production dramatically, though. Either way, oil's going to go up after Obama is sworn in, and he'll have his first "test".
Youi want to see gas stay low forever? move the country away from gas burning cars... and keep the pressure on the government to do so and you won't see the prices rise. It would be not in the oil companies or OPEC's interest if we stopped buying their oil. Im all for it. require all cars to use electric or hydrogen. Push for wind,solar and tidal sources for electric energy and then who cares what the price of gas does?
Simple formula Demand falls Price falls as well if supplies expand from reduced use, price falls.
I think most are fed up with OPEC and oil companies and as such motivated to bring about the change needed to stop them from screwing us.
When the global economy gets better, definitley because demand will rise and eventually the supply will run down.
It'd be nice if the politicians would devote more money towards public transportation/mass transit instead of devoting their time to hearing the "Big Three" beg for money.
Transportation Choices Coalition: Fact Sheets - Benefits of Public Transportation (http://www.transportationchoices.org/facts-benefits.asp - broken link)
Ah, but we don't do public transit because it has to be subsidized. We prefer to "invest" in highways and, umm, bailouts.
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beg for money.
