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Old 11-06-2007, 07:55 AM
 
Location: wrong planet
5,169 posts, read 11,444,846 times
Reputation: 4379

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So, how high do you think the oil prices will go this winter and how low will the US$ go?

Oil Prices Soar Nearly $2 a Barrel
Tuesday November 6, 9:37 am ET
By Pablo Gorondi, Associated Press Writer
Oil Prices Rise $2 a Barrel on Supply Concerns, Drop Seen in US Inventories

Moderator cut: copyrighted article

Last edited by Yac; 12-14-2007 at 03:00 AM..
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Old 11-06-2007, 08:03 AM
 
6,762 posts, read 11,636,056 times
Reputation: 3028
$100 per barrel will be this year easily, and possibly even $110. People thought that was impossible about 5 years ago, at least within the next 25 years.

I'm all for MPG standards from Congress. I'm a free market supporter, until the very infrastructure of our country is all being dictated by a foreign, volatile market. We need alternatives to gasoline/diesel like 20 years ago. We are really looking more and more screwed each day that goes by. And unfortunately Hillary or the mainstream Republican candidates are a vote for more of the same. Selling our country to China and the Middle East, as well as to the war industry. It will take massive changes to turn the US around, and if we don't turn it around soon, we will fall from power and be subject to other countries directly controlling us and telling us how to run our country, much the way we have them for the last few decades.
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Old 11-06-2007, 08:36 AM
 
Location: wrong planet
5,169 posts, read 11,444,846 times
Reputation: 4379
We are really looking more and more screwed each day that goes by.

I agree with that wholeheartedly. I live in MA and the heating season here will mean deciding between putting gas in your car, eating or having a house that is not freezing cold for a LOT of people. 40% of the houses are heated with oil over 40% are heated with gas. Personally I just cut down on my driving, lower my thermostat. But we are moving soon, and the first investment we will make is a pellet stove or wood stove with a high efficiency rating and investing into insulating the house. I drive a car that gets good gas mileage and only use about 30 gallons of gas a month, but my next car will be a hybrid.
The falling US$ will only contribute to higher oil prices, we are so scr**ed.
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Old 11-06-2007, 08:40 AM
 
Location: Londonderry, NH
41,479 posts, read 59,821,925 times
Reputation: 24863
Watching an empire collapse can be interesting. Living in the empire while it collapses is another matter. We have destroyed ourselves with the combined mistakes of deindustrialization driven by a "free' market and deficit spending to avoid taxing our militarists to pay for a contrived war.

Maybe we should let King George stay in power so we have a clear idea of who to blame.
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Old 11-06-2007, 08:49 AM
 
Location: FL/TX Coasts
1,465 posts, read 4,061,631 times
Reputation: 434
Quote:
Originally Posted by katzenfreund View Post
So, how high do you think the oil prices will go this winter and how low will the US$ go?

Oil Prices Soar Nearly $2 a Barrel
Tuesday November 6, 9:37 am ET
By Pablo Gorondi, Associated Press Writer
Oil Prices Rise $2 a Barrel on Supply Concerns, Drop Seen in US Inventories

Moderator cut: copyrighted article
Don't you listen to what this admistration is claiming!
every thing is going well. We are stronger than ever.

Last edited by Yac; 12-14-2007 at 02:59 AM..
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Old 11-06-2007, 08:50 AM
 
Location: wrong planet
5,169 posts, read 11,444,846 times
Reputation: 4379
Maybe we should let King George stay in power so we have a clear idea of who to blame.

Yes, I'd hate to be the one that follows him, he/she will have to deal with the fall out...
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Old 11-06-2007, 08:51 AM
 
Location: wrong planet
5,169 posts, read 11,444,846 times
Reputation: 4379
Quote:
Originally Posted by Cougar31 View Post
Don't you listen to what this admistration is claiming!
every thing is going well. We are stronger than ever.
LOL. I am sure the stock holders of oil companies are "going stronger than ever"!
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Old 11-06-2007, 08:56 AM
 
Location: Sitting on a bar stool. Guinness in hand.
4,428 posts, read 6,513,707 times
Reputation: 1721
Default gullotine

Quote:
Originally Posted by GregW View Post
Watching an empire collapse can be interesting. Living in the empire while it collapses is another matter. We have destroyed ourselves with the combined mistakes of deindustrialization driven by a "free' market and deficit spending to avoid taxing our militarists to pay for a contrived war.

Maybe we should let King George stay in power so we have a clear idea of who to blame.
Would we be allow to guillotine him if we had a revolution in this country.
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Old 11-06-2007, 08:57 AM
 
Location: Looking over your shoulder
31,304 posts, read 32,900,628 times
Reputation: 84477
Quote:
Originally Posted by GregW View Post
Watching an empire collapse can be interesting. Living in the empire while it collapses is another matter. We have destroyed ourselves with the combined mistakes of deindustrialization driven by a "free' market and deficit spending to avoid taxing our militarists to pay for a contrived war.

Maybe we should let King George stay in power so we have a clear idea of who to blame.
Do you think anyone who helped elect him would understand what they are now seeing now after 7 years of this mess? We (the nation) would have been better off with a monkey in office flipping a coin to make the decisions. Seven years of destroying a nation I worry about the last year and what he can do with that!
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Old 11-06-2007, 08:59 AM
 
Location: MSP
559 posts, read 1,324,971 times
Reputation: 479
Well, since planet Earth is now experiencing a decline in oil production, since we have exhausted many of our oil fields, along with other natural reasources, prices will keep going higher until we change our energy consumption habits. Either we change or the prices will force us to change. I admit, it is a very frightening situation, not just for the U.S. but the world as a whole.
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