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As soon as Saudi Arabia and other oil exporting countries have succeeded in killing off a good chunk of the domestic high-cost oil production in the US. That shouldn't take more than six months to a year, and, once accomplished, it will take years for the US to rebuild that production capacity. Meanwhile, the oil-exporting countries will, once again, have us (excuse the pun) over the barrel. People like me, who have been around since the first oil crisis in 1973, just have to stand in amazement at how Americans have been continually been played for chumps like this for over four decades and we keep falling for it every time.
Location: East of Seattle since 1992, 615' Elevation, Zone 8b - originally from SF Bay Area
44,585 posts, read 81,206,701 times
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I wouldn't buy a gas guzzler based on today's gas prices, but what I am doing is more road trips while it's cheap. Hopefully it holds out at least through March when we drive to CA for a wedding, it's cheaper than flying now. I wouldn't expect the prices to go back up at least until the summer peak vacation driving season. I can't predict any better than anyone else, but my guess is bottoming out about around May at $1.75 or so, then a gradual increase to about $3.50 by September. Meanwhile, we'll see more gas tax increases and in some cases "pay per mile" taxes to restore the loss of government funds, which will not be cut back when the prices go up.
As soon as Saudi Arabia and other oil exporting countries have succeeded in killing off a good chunk of the domestic high-cost oil production in the US. That shouldn't take more than six months to a year, and, once accomplished, it will take years for the US to rebuild that production capacity. Meanwhile, the oil-exporting countries will, once again, have us (excuse the pun) over the barrel. People like me, who have been around since the first oil crisis in 1973, just have to stand in amazement at how Americans have been continually been played for chumps like this for over four decades and we keep falling for it every time.
Falling for it?
Do we have a choice or any power to change OPEC and whoever has a plan to ruin Russia?
Falling for it?
Do we have a choice or any power to change OPEC and whoever has a plan to ruin Russia?
Yeah, falling for it. We could have been changing transportation policy to favor rail freight transportation (which is 3 times more fuel-efficient than trucks). We could have quit subsidizing sprawl with taxpayer money and at least make it pay its own way. We could have restructured fuel and vehicle taxes to favor conservation, rather than consumption. Instead, we sit around and pine for lower fuel prices and let foreign countries manipulate the energy markets and transfer more and more of America's diminishing capital and wealth to them. All so that we can have a good time now, and the hell with the future.
Location: East of Seattle since 1992, 615' Elevation, Zone 8b - originally from SF Bay Area
44,585 posts, read 81,206,701 times
Reputation: 57821
Quote:
Originally Posted by jazzlover
Yeah, falling for it. We could have been changing transportation policy to favor rail freight transportation (which is 3 times more fuel-efficient than trucks). We could have quit subsidizing sprawl with taxpayer money and at least make it pay its own way. We could have restructured fuel and vehicle taxes to favor conservation, rather than consumption. Instead, we sit around and pine for lower fuel prices and let foreign countries manipulate the energy markets and transfer more and more of America's diminishing capital and wealth to them. All so that we can have a good time now, and the hell with the future.
Unfortunately, people like to get upset about rail traffic and what they bring through the towns and cities. They don't seem to pay attention to the same items being on trucks. Add to that the cost of expanding rail
with the high cost of land, and expansion is just not likely.
as soon as saudi arabia and other oil exporting countries have succeeded in killing off a good chunk of the domestic high-cost oil production in the us. That shouldn't take more than six months to a year, and, once accomplished, it will take years for the us to rebuild that production capacity. Meanwhile, the oil-exporting countries will, once again, have us (excuse the pun) over the barrel. People like me, who have been around since the first oil crisis in 1973, just have to stand in amazement at how americans have been continually been played for chumps like this for over four decades and we keep falling for it every time.
this^^^^^
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