Community Forums

LindaH · 03-08-2008, 04:58 AM

<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by Rock-Rocker:
Goldman Sachs, a widely watched oil price prognosticator, said oil could average $110 a barrel by 2010 </div></BLOCKQUOTE>
Oh, it'll probably get there long before 2010...a barrel of oil just recently closed at over $105, so can $110 be far behind?

Nonno · 03-08-2008, 05:26 AM

<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content"> we could all drive smaller cars and SUV for daily use </div></BLOCKQUOTE>

Smaller cars - That's a tough sell for those of us in snow country and for those with more than 2 children.

Smaller SUV - They (4x4) could work but again it's not practical for a family with more than 2 children.

You know eventually "should" would be replaced by "shall" so if it became the law of the land it would read that we all shall drive smaller cars and SUV's. Of course we would be able to easily identify the enforcers of that law because they would all be driving the big cars, big SUV's and flying in private jets.

Corvette Man · 03-08-2008, 05:45 AM

Read an interesting article yesterday about oil prices. It seams that more speculators are getting in the oil business of buying and selling oil. What needs to happen is the USA consumer needs to stop driving and watch oil prices fall. If we all just made necessary trips for about two to three weeks we would see a bunch of speculators loose a ton of money and see oil prices go down. Yes Exon makes a lot of profit but these new speculators are making a lot more. Just my thoughts. I have to buy 80 gal on Tues of next week and yes it will hurt.

george henry · 03-08-2008, 06:20 AM

And it is not even SUMMER yet , prices will shoot up high then

Rick A · 03-08-2008, 06:33 AM

What no one seems to be focusing on here is the economy. The fed seems to have no idea on how to deal with the currrent state of the economy and is making decisions based on past slowdowns and is following the book page for page. The problem is our economy is in a state of circunstances it has not been in before and the fed has no idea how to fix them. Their solution is to continually cut rates, killing the dollar, pushing more and more money into oil, driving the price to new records, and hitting the American public in the wallet. Because of the "credit crunch", lower interest rates are not incouraging consumers to borrow and spend money, simply because even at 0%, they can't afford to. So the fed continues doing what it always does and lowers rates and sinks the dollar, resulting in higher energy costs because of investing, which translates to increased costs of everything and less descrecianary spending by the consumer. The answer is for the feds to stop trying to cater to Wallstreet, which hasn't helped yet, and concentrate on controling inflation which is now on the rise. As for oil's basic fundemental of supply and demand, it is out the door. Supply's are well above average for this time of year and demand is decreasing. So there is no reason for OPEC to increase production other than price fixing. The rise in oil is not due to supply and demand but because of investing. I think by next week when the fed cuts rates again, we will see $110 for oil and $4 for gas, unemployment growing, jobs decreasing. AND WE CAN DO NOTHING TO STOP IT! So hold on for the ride, and it won't be a fun one.

Tom N · 03-08-2008, 06:58 AM

On a positive note, supply is plentiful. I will never forget the long gas lings of the 70's, odd/even days and 10 gallons max.

-Tom

TXiceman · 03-08-2008, 07:44 AM

For me, the high oil prices are a double edged sword. As long as the prices are up, I will have plenty of work. Now they do not have to be sky high and certainly not $20.00/barrel on the bottom end.

But over $100 to fill up the truck does take your breath way.

How much longer will the truckers be able to run. They need to add a major mileage surcharge.

ken

Tom and Patty · 03-08-2008, 04:13 PM

Right now the 100 gallons of diesel in the coach is about the only investment we have that is appreciating

.

CSX4350 · 03-08-2008, 04:31 PM

<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by TXiceman:
...but we are no where near European prices for fuel.
Ken </div></BLOCKQUOTE>

Ken, you are correct, gas prices in Europe are higher than they are here. However, a massive amount of that is TAX, not profit. Further, as oil has doubled in price the gas prices over there have not gone up appreciably.
They do not have to drive great distances to go places, and their public transportation blows ours away. Bicycles are much more common, as are small cars. I've rented cars over there that look like mailboxes with four tires.

Gas prices here have doubled, oil company profits have doubled, but my oil company stocks aren't paying any more dividends than they used to. The stock price has been going down too. I don't understand.

Ken Roberts · 03-08-2008, 05:13 PM

I would like to have 1/10 of 1% in equivalent diesel gallons that the major canidates for the Presidency are spending for jet fuel in ANY ONE DAY. My immediate prob;lem is where would I store it 'cause there would be more diesel than I can use in this and probably 3 or 4 more lifetimes. Ken,'94 DSDP...

C&C R · 03-09-2008, 03:56 AM

Those in power don't care. Why should they? Free health care, pension after limited amount of time in office and taxpayers pay for their limos. Plus --- they get a salary.
I've written to my senators. No answers. One is too busy trying to be President and the other well, him I will never vote for again.
Everyone in office now I will vote against. My own little "protest".
Flying J in NY ----$4.05.

Lake · 03-09-2008, 04:28 AM

I am really sick of hearing how high fuel prices are in Europe as if trying to justify the high prices here. Don't you people know that the higher prices in other countries is a result of high taxes. Also, lets put some of the blame on the EPA for mandating low sulphur diesel which I don't think was necessary. When I purchased my 2004 Journey, diesel fuel was quite a lot cheaper than gasoline but very soon after the EPA ordered low sulphur and up the price went. Also our idiots in congress prohibited drilling for oil in our own country such as ANWR and off shore California and in the Gulf of Mexico. Had they allowed developing our own oil resources we wouldn't have the mess we have today. I know some of you far out environmentalists will have a hissy over my comments but I don't give a rats rear, $4.00 diesel is ridiculous. It's going to drive the cost of everything so high most of us won't be able to afford anything.