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I have said it before I will say it again. As much as it is distasteful rising gas prices, assuming a supply shock is not occurring, are actually a good sign for the economy.
Basically fuel like all things is covered by the laws of supply and demand. The stronger the global economy, the more economic activity there is, and the greater the economic activity, the more fuel is demanded. As such when there is an increase in demand and no significant corresponding increase in supply, as is usually the case with inelastic commodities like oil, the price goes up.
Now on the other hand if fuel prices started to decline I would seriously worry about recession since that means there is likely less demand for oil which would most likely be the result of a decline, or impending decline in global economic activity.
... or it could just mean there are more people breeding their way to extinction.
While Occam's razor isn't alway correct, we do know without a doubt that more mouths need more food.
Five dollar gas prices is just another way to stall the economy so Romney might be elected. Another way to keep the control of our wealth in the hands of the theives.
The Obama administration should set a "moon shot" goal of having 25% of our domestic transportation energy supplies transitioned to natural gas and electric by 2016. Encourage that with added tax credits to companies that supply natural gas and automobile manufacturers that offer it in news cars on the lot.
$5 a gallon gas is going to trigger a mad max scenario? LMAO! What garbage. All $5 a gallon gas means is Americans might have to sacrfice that fancy Iphone to be able to afford it. The American consumer could probably afford $7 a gallon gas if they REALLY lived within their means. It's not a matter of if but a matter of WHEN we go to war with Iran you can expect the entire price of gas to shoot way past $5 a gallon. The price of gas at $5 won't cause a mad max like scenario. But another long, drawn out war most definitely will because not only will it affect the price of gas it will affect every other aspect of this country. You can bet your rear end if there is a war with Iran, Syria, Pakistan, Russia and China a good chunk of America youth will be called to serve. All those FEMA camps they are building all over the country? LOL..........
Liberals keep telling us the economy is booming, despite strong evidence to the contrary. A huge test is coming - $5 gas. Gas prices, more than any other factor, has the potential not only to push our economy back into true recession but also trigger complete societal collapse - a Mad Max scenario. So, do you think this booming economy is strong enough to handle $5 gas. If Iran is attacked, $6, $7, $8?
This was you back in June of 2008.....predicting $1,000 a barrel oil in 2010-11.
Quote:
Originally Posted by bchris02
No, you're wrong. Light, sweet crude is trading at $137 right now. The symbol is CLN8. I'll be surprised if we don't top $140 by the end of today, and $150 by midweek. $200 by mid-July, and $300-$400 by year end, $500 in 2009, $1000 in 2010-2011. This Saudi summit was a 'last ditch' effort at stopping the rally and it had no effect. Get ready, things are going to get real, real, REAL BAD.
Obamja's years are number and his being able to move things is pretty well stopped. In coming years we will see higher fuel prices but as things look now more of those dollars will go to producters in this country. Obama like Bush is not the driver in energy in this country as no president has ever been.Where we will get our fuels lies more with the prodcuers that any governamnt which never can do so'becuase politics is always changing as with what it takes to get elected.
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