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Everyone relys on gas and diesal! When people actually grasp reality and understand the WHOLE WORLD runs on oil, this aint about you and your little hybrid, every peron in America could switch to bycicles and we would still face a rising cost of living because of fuel prices, and it wouldnt make a twits worth of difference in the mythical Climate Crisis!
We need cheap oil and the best way to do that is get more on the market, It is freaking insanity that we are not treating this as a national emergency and drilling holes in every backyard in America and off the coast's of this country!!
Excessive emotional reaction. Nothing like that is going to happen because you can't just turn on a spigot and set the juice loose.
These kinds of statements sound increasingly like the alcoholic who's denied a drink or a junkie after he crashes.
Gas might pull back several times, offering short term relief. Most things don't move in a straight line. But if it gets to $7/gal, you can principally thank the Federal Reserve for bailing out Bear and soon to be bailout of Fannie/Freddie for your woes, and also you can blame China's demand and appreciating currency vs the dollar.
I understand the reasoning process on two out of the four explanations. I'm all ears to hear how Bear Stearns and Fannie/Freddie would cause a near doubling of gas prices.
Gas in Europe has been double our price for decades now, and now that the rest of the world is catching up to us in terms of technology and having an educated workforce we are seeing the effects of global competition. These gas prices are only one symptom. The good news is that the dollar is coming in line to the currencies of the rest of the world so things from other countries are not so cheap and things Made in the USA can finally compete with the rest of the world. The spike in our exports are keeping us out of a recession and this is good news for American manufacturing.
Price of gas has gone up 4500% from 1959. That is tooooooooooooooo much. I am soo scared of all these prices. Guess I will have to start working for an additional income now. Hate doing it, but will a certified Montessori teacher be able to realistically make atleast $1000 a month from home? That will take care of the groceries and gas!!
I understand the reasoning process on two out of the four explanations. I'm all ears to hear how Bear Stearns and Fannie/Freddie would cause a near doubling of gas prices.
The Fed is creating lots of money by having to buy up bad mortgage and student loan debt from Bear and other private lenders who cannot find a buyer for them. That monetary growth is causing commodities to be bid up in a speculative frenzy.
Just look at how EVERYTHING is increasing in price, even precious metals (although gold pulled back from over 1000, it is still going to keep increasing in price).
If you priced oil in relation to gold, you'd see the trend of growth was very slow over the past 30 years.
Ive never seen such abunch of opinions in all my life, but this explains the problem,. Americans are like sheep anymore. They just follow along to the slaughter house in a line folowing stupidly the one in front of them. The comments from Delta Planter and Jane AnnWho were great. Just Deal with it. Love to see them in a year from now. But maybe they both make 200,000 a year and it doesnt bother them. It will!!! This will affect everyone. The prices of all things are already growing at a fast rate. Hold onto your hats people were in for a hell of a ride dew1
There isn't an infinite supply of oil you know. We keep using more and more each year.
And what spiggot do you recommend we turn on ?
We will never see cheap oil again. We will be forced to conserve and use gas more wisely and seek alternate energy sources...something we should have started doing 10 years ago.
No of course not, we cant get oil out of the ground and refine it , but we can change the weather, right?
Ask any expert. They'll tell you it takes many years to get oil out of a particular location.
The "drill in everyone's backyard" is just a good demonstration of a reactionary statement made by someone who doesn't understand how the oil exploration business works.
Gas in Europe has been double our price for decades now, and now that the rest of the world is catching up to us in terms of technology and having an educated workforce we are seeing the effects of global competition. These gas prices are only one symptom. The good news is that the dollar is coming in line to the currencies of the rest of the world so things from other countries are not so cheap and things Made in the USA can finally compete with the rest of the world. The spike in our exports are keeping us out of a recession and this is good news for American manufacturing.
Yes but Europe has a much better established public transit system and the population is much more condensed and compact. America does not have this option, at least in the foreseeable future.
While things are certainly favorable for US exports the problem is that our manufacturing base has diminished considerably from just a mere 20 years ago. Maybe this will help turn things around a bit, but with foreclosure rates skyrocketing, fuel costs for transportation adding to consumer costs, and unemployment rising, its hard to see where it will all end up.
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