Community Forums

offthewall · 02-28-2011, 05:08 PM

The price of a barrel of oil went down today. How does that fit into the "doom and gloom, the world is ending..." philosophy of many on this forum?

laj · 02-28-2011, 05:09 PM

Hooverbill, you hit a sore spot, but right on the head. The problem is most people have bought more then they can afford. If people were really willing to look at what they can afford, the equation would consist of the cost of:
Insurance, depreciation, tire replacement,batts. Maint
minor repairs, and yes fuel for the amount of miles they think they will drive per yr.

5.00 fuel, won`t even slow me up, nor will 10
when depreciation can hit 30,000 in the first drive around the block on a new multi. 100k rig i don`t think a 5000 a yr. fuel bill
should even be a hick-up
would say more, but don`t want to go political
laj

11595gulf · 02-28-2011, 06:18 PM

Quote:

Originally Posted by jodann

C'mon folks!
I'm not connected with iRV2 in any way other than an avid reader & occasional poster here. We've had some very interesting back & forths which makes for great discussion & terrific reading until SOMEONE ALWAYS seems to inject politics into the equation & the thread is shut down.

Can't we just keep it friendly & obey the rules ? jodann

Thanks Jodann, couldn't agree more. Why these posters believe that others share or even want to hear their politics is beyond me. Isn't this an RV forum?

Guido

Monacoach · 02-28-2011, 07:20 PM

Quote:

if you own a multi $100k MH, so what if the price is $5/gallon...you should be able to afford it.

Yes perhaps but it still sucks.

Gary - K7GLD · 02-28-2011, 07:39 PM

Quote:

Originally Posted by offthewall

The price of a barrel of oil went down today. How does that fit into the "doom and gloom, the world is ending..." philosophy of many on this forum?

YUP - sun was out yesterday - Spring must be here...

OOOooooops, today it's snowing.

It's the TREND fella, the TREND...

offthewall · 02-28-2011, 08:36 PM

Quote:

Originally Posted by Gary - K7GLD

YUP - sun was out yesterday - Spring must be here...

OOOooooops, today it's snowing.

It's the TREND fella, the TREND...

The trend has been cyclical over that last couple of years. In 2008 it went WAY higher than it is now. Gas went way up, demand dropped, the price of oil dropped, demand went back up, the price went back up. It's a limited resource, it's manipulated by a cartel, it's traded as futures. All these factors affect the price. We in the US pay less for gas than most other countries. I think 2008 proved that at any given time there is a limit to how high gas prices can go before the decrease in demand will force it back down. I don't see the world ending.

Dirtbuster · 02-28-2011, 08:54 PM

The world want end, but everyone will be forced into making changes to their current life style's. Most people here are most likely on a fixed budget. Something will have to give. 5 dollars a gallon will drive this economy back into a deep hole, & the all mighty dollar will shrink! The cost of all goods that we buy will be affected greatly by higher fuel prices.

My personal feeling is that we are going to be worse off, than 2 years ago. I hope I am wrong!

I am sorry, but this is purely political.

Its Paid For · 02-28-2011, 10:12 PM

It is global. Think about freight, food to markets, those are affected greatly, thus prices as a whole go up due to transport costs of everything.

However, I agree prices will correct as demand decreases as prices increase. It is a matter of how vulnerable each consumer is to price fluctuations. One person may not worry at $10 a gallon, where many may need to make lifestyle adjustments for a $1 a gallon increase.

Simple law of supply and demand, regardless of all other factors. The increase may be real or artificial (cartel, speculators, Politics) regardless the increase itself will lower demand as users adjust that can't meet supply price. This alone will assure decrease as long as inventory continues to grow.

Keep in mind, those that produce oil have to sell it to survive, just as those that consume need it for the same reason.

**NLOVNIT** · 02-28-2011, 10:21 PM

The OP asked just 3 questions:

Quote:

If gas reaches $5.00/gal are you done?
Could anyone afford $5.00 a gallon gas?
And as far as rationing, would anyone even consider traveling much less take the risk of starting out and getting stranded??

Let's, PLEASE, stay focused & not stray, however immediately or distantly related, into

discussions, theories or observations.

Lori-

fasteddy · 03-01-2011, 12:01 AM

Here in our corner of British Columbia, just south of Vancouver, gas it now $1.28.9 a litre.

I'm on old age security {Soc. Sec.} and I drive a 1984 Dodge class B so I can afford to travel. Not a hardship on my part and I'm single so there is lot's of room if I ask the dog nicely.

If there is gas I'd be on the road with plans to stay where I went until I could get back.

Steve.

Glassalley52 · 03-01-2011, 05:52 AM

I will continue to travel even at $5.00 a gal as long as my bills are paid first. If there isn't anything left to travel, I'll stay put until there is. My spouse and I just yesterday discussed a cross country trip - the cost of fuel will just make the trip take months instead of weeks - throw me in that briar patch.

Someone mentioned the price of fuel being higher in other countries - the ones I've been in have better public transportation systems leaving more personal funds for travel costs.

Monacoach · 03-01-2011, 06:38 AM

The world will end in about 7 billion years. I hope they have oil on the next planet.

Popcorn Man · 03-01-2011, 07:35 AM

Looks like extra nites at Wally World. Unfold the canopy and get out the grill. Just kidding!

Wayne M · 03-01-2011, 08:47 AM

Do you remember 1974. Gasoline was rationed. We ended with even/odd days, where the last number in the license plate was even, you purchased fuel on even days, and so on. Also, fuel could not be purchased unless you were below a half a tank on the gauge.

That was our first scare, but if you remember correctly, the majority of the nation started car-pooling. The petroleum industry really did not like that, but supply went way up, and demand went way down. It worked. It forced the oil industry to rethink and all of a sudden there was no shortage.

Actually I was good friends with someone who owned a Shell service station. He told me that he had no problem getting fuel into his tanks, there was no shortage, and whenever I needed gas, regardless of the rationing, he would give it to me - no shortage.

What is the bottom line.

Can you say GREED.