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I would love to see gas go up towards 5 or 6 a gallon. That would be instrumental in making companies move towards telecommuting, 4 day work weeks, per project pay structuring, or other alternative employment set ups to the 40 hour,5 day at the office work week most of us are unfortunate to experience, and can all realize is pretty archaic, and not neccessary in most cases.
When prices were in the mid 3's, that was enough to start pushing government offices in to 4 day work weeks, just imagine what 5 would do.
Look at Europe. Gas is easily 3 times a expensive but there are people still driving.
But the majority of folks over there drive tiny beep-beep cars, motorcycles, scooters or regularly take public transportation. So will we, by and large.
Gas won't skyrocket to 10 bucks a gallon overnight. It will slowly creep up over several years. Cities will swell in population, exurbs will decline.
Car companies are already planning ahead, look at all the new 100% electric cars comming out in the next couple of years. In my area at least they are building light rail all over the place too.
The bottom line is that a new gas powered vehicle would be a very poor investment at this point in time, but the world won't exactly grind to a halt.
But for this year, I'd bet gas won't get any higher than around $4.50 a gallon average.
More and more we will see gas prices being controlled more by the rise in usage in coutnriews such as china and india. China how has surpassed the US as the largest car market . They continue to climb in useage while we are reducing. I actually thnik that US gasoline sales will stay pretty low for some years. There are expnsion project to increase the capacity of some refineries in the US to double with lijke 20% increase in employees and close some other refineries . That will make prodcution much cheaper and concentrate production.One has 2000 employees how and with the change will need 400 more to double output capacity.It will be the largest refinery output in the country.It also will be able to process Canadian sand tars piped by a new pipeline.
All of that assumes that there is no supply disruptions caused by political unrest in oil-producing countries, terrorist attacks on oil infrastructure, or hurricanes or other natural disasters that affect oil supplies, transportation, or refining. If any one of those events were to occur, prices could quickly head higher to unprecedented levels that would likely wreak havoc to the economy. I think the likelihood of one or more supply-disrupting events within the next 12 months are probably 50% or better.
I think the ONLY thing that would cause any significant and lasting decline in prices over the next 1-10 years would be an economic depression big enough to cause significant world-wide demand destruction. Otherwise, the trend is going to be up
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Doncha love how the world economy and the American economy specifically is absolutely dependent on our supporting a corrupt "royal" family of some 5,000 grifters in that bastion of democracy, Saudi Arabia, who sell us oil while they export jihad?
Talk about being able to wreak havoc.
$5 by 4th
$7 by Christmas
$10 by next memorial day
$20 by memorial day 2010, if we can still get gas at that point
All wrong. Memorial day 2010. is 2 months away & gas currently is $3.00 a gal (ca). The max i saw gas here a few summers ago was $4.68 a gal & the lowest was $1.67 a gal. When gas was low dirty OPEC was sweating it big time & cut production to increase profits to fill their greedy filthy hands. Gas should be less then $2.00 a gallon but i dont see that happening again. I believe its over $80.00 a barrel now.
All wrong. Memorial day 2010. is 2 months away & gas currently is $3.00 a gal (ca). The max i saw gas here a few summers ago was $4.68 a gal & the lowest was $1.67 a gal. When gas was low dirty OPEC was sweating it big time & cut production to increase profits to fill their greedy filthy hands. Gas should be less then $2.00 a gallon but i dont see that happening again. I believe its over $80.00 a barrel now.
Real Question -- Why is the issue of "greedy filthy hands" of OPEC when US "Mericans are the retards who keep going deeper into debt to buy the stuff?
OPEC could not do it without US (continuing to be retards) could they?
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