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 Daishi
Prime Mover
Registered: 04/07/08
Posts: 87
Last seen: 1 month, 24 days
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 Gasoline May Soon Cost a Sawbuck
#8341768 - 04/29/08 11:54 AM (6 months, 30 days ago) |
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Get ready for another economic shock of major proportions — a virtual doubling of prices at the gas pump to as much as $10 a gallon.
That's the message from a couple of analytical energy industry trackers, both of whom, based on the surging oil prices, see considerably more pain at the pump than most drivers realize.
Gasoline nationally is in an accelerated upswing, having jumped to $3.58 a gallon from $3.50 in just the past week. In some parts of the country, including New York City and the West Coast, gas is already sporting a price tag above $4 a gallon. There was a pray-in at a Chevron station in San Francisco on Friday led by a minister asking God for cheaper gas, and an Arco gas station in San Mateo, Calif., has already raised its price to a sky-high $4.62.
In Manhattan, at a Mobil gas station at York Avenue and East 61st Street, premium gas is now $4.03 a gallon. Two days ago, it was $3.96. Why such a high price? "Blame the people at STOPEC (he meant OPEC) and the oil companies," an attendant there told me.
These increases are taking place before the all-important summer driving season, signaling even higher prices ahead.
That's also the outlook of the Automobile Association of America. "As long as the price of crude oil stays above $100 a barrel, drivers will be forced to pay more and more at the gas pump," a AAA spokesman, Troy Green, said.
http://www2.nysun.com/article/75363
I bet all those fools who bought Hummers are going to be feeling real intelligent.
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Man has to be man--by choice; he has to hold his life as a value--by choice; he has to learn to sustain it--by choice; he has to discover the values it requires and practice his virtues—-by choice. A code of values accepted by choice is a code of morality.”-- Ayn Rand, Atlas Shrugged
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dill705
fuckin' J key sticks
 
Registered: 12/10/07
Posts: 2,252
Loc: A continual state of dark...
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Re: Gasoline May Soon Cost a Sawbuck [Re: Daishi]
#8344234 - 04/29/08 10:33 PM (6 months, 30 days ago) |
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The link says that a few anylysts predict $10 gasoline. Then it sites one. His prediction is that oil will hit $200 a barrel from increasing demand.
Quote:
His latest prediction of $200 oil is open to question, since it would undoubtedly create considerable global economic distress. Further, just about every energy expert I talk to cautions me to expect a sizable pullback in oil prices, maybe to between $50 and $70 a barrel, especially if there's a global economic slowdown.
While Mr. Gaines thinks there could be a temporary decline in the oil price, he's convinced an overall uptrend is unstoppable. In fact, he thinks his $200 forecast could be conservative, and that perhaps $250 could be reached. His reasoning: a combination of shrinking supply and increasing demand, especially from China, India, and America.
Read that part about global economic slowdown and tell me how if gas will have risen that much, people would still turn to it as a fuel source en masse, let alone that a global economic crisis would emerge?
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Baby_Hitler
Anarcho-Technologist
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Re: Gasoline May Soon Cost a Sawbuck [Re: Daishi]
#8344260 - 04/29/08 10:40 PM (6 months, 30 days ago) |
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To quote Bush... "Bring it on." 
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prototypical_man
ass model
Registered: 02/01/05
Posts: 396
Loc: Doral Florida
Last seen: 1 month, 17 days
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Re: Gasoline May Soon Cost a Sawbuck [Re: Daishi]
#8344269 - 04/29/08 10:41 PM (6 months, 30 days ago) |
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People actually went and prayed at a station for gas prices!! ROFL!
Sheeple are so amusing.
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I have 29 Strains as of current.. I LOVE TO TRADE. See my bio for the strains I currently have.
I seek: Strains I don't have, exotic species, Edibles, Vacutainers, A accurate scale, chicken manure, worm castings, worms for making my own worm castings, plastic lids for mason jars, light malt extract, Kelp Meal, A Ph Tester, A microscope.
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 zorbman
Bush Recession2008
Registered: 06/04/04
Posts: 3,630
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Re: Gasoline May Soon Cost a Sawbuck [Re: Daishi]
#8344530 - 04/29/08 11:37 PM (6 months, 29 days ago) |
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I have been telling people since 2005 the economy was headed for trouble and that gas prices and the prices of everything else is going up. They called me a fool and I have been enjoying incredible profits ever since.
Enjoy the 4$ gas this summer and I will enjoy my oil/alt energy/ and precious metals investments! 
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"I cannot morally blame all Americans for allowing, for instance, the birth of the Federal Reserve System (a private cartel with full control over the issuance of national debt) and the money destruction that has followed. They are simply ignorant about it and don't know what happened or what is happening. They think that prices go up rather than than dollars go down." - John Kenneth Galbraith
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ScavengerType
Just Another Douchebag
Registered: 01/24/08
Posts: 1,661
Loc: your mom's place
Last seen: 12 minutes, 15 seconds
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Re: Gasoline May Soon Cost a Sawbuck [Re: zorbman]
#8344822 - 04/30/08 01:45 AM (6 months, 29 days ago) |
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Yea, it's hilarious. What do you think they prayed is what I wonder. The only thing funnier than the fact that they did it would be the excerpt of their actual words.
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"We have the satisfaction to find, that in nature there is wisdom, system, and consistency. For having, in the natural history of this earth, seen a succession of worlds, we may from this conclude that there is a system in nature ... by which they are intended to continue these revolutions. But if the succession of worlds is established in the system of nature, it is in vain to look for anything higher in the origin of the earth. The result, therefore, of our present enquiry is, that we find no vestige of a beginning and no prospect of an end."
- James Hutton
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Mushmonkey
shiftlesslayabout
Registered: 09/25/03
Posts: 6,836
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Re: Gasoline May Soon Cost a Sawbuck [Re: zorbman]
#8344824 - 04/30/08 01:45 AM (6 months, 29 days ago) |
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Show me a reason why a barrel of oil costs so much today compared to 5 years ago. Go ahead and try.
Demand is up? Sure -- is it really up that much? Oh. no.
Supply is down? Well now hold on. I might remember wrong, but I don't believe that's the case.
Oh wait, it's high because it's expected to continue to rise even more. LOL COMMODITY MARKETS!
Stupid shit. This is also a large reason food prices are so high.
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i finally got around to making a sig
revel in its glory and quake in fear at its might
grar.
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zorbman
Bush Recession2008
Registered: 06/04/04
Posts: 3,630
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Re: Gasoline May Soon Cost a Sawbuck [Re: Mushmonkey]
#8344844 - 04/30/08 01:57 AM (6 months, 29 days ago) |
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Wake up.
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"I cannot morally blame all Americans for allowing, for instance, the birth of the Federal Reserve System (a private cartel with full control over the issuance of national debt) and the money destruction that has followed. They are simply ignorant about it and don't know what happened or what is happening. They think that prices go up rather than than dollars go down." - John Kenneth Galbraith
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danknugz81
spiralingdownward
Registered: 02/22/08
Posts: 773
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Re: Gasoline May Soon Cost a Sawbuck [Re: zorbman]
#8345440 - 04/30/08 09:15 AM (6 months, 29 days ago) |
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Quote:
zorbman said:
I have been telling people since 2005 the economy was headed for trouble and that gas prices and the prices of everything else is going up. They called me a fool and I have been enjoying incredible profits ever since.
Enjoy the 4$ gas this summer and I will enjoy my oil/alt energy/ and precious metals investments!
wow, you've been telling people this since 2005?  what a visionary you are! who could have predicted the economy was going to be fucked with bush in office? 
just giving you shit - i'm on your side. wish i would have had the bread to make investments as well. as soon as bush was elected i would have immediately invested in the oil companies.
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 xFrockx
Fucking Hippie
Registered: 09/17/06
Posts: 1,381
Loc: Northeast
Last seen: 10 seconds
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Re: Gasoline May Soon Cost a Sawbuck [Re: Mushmonkey]
#8345795 - 04/30/08 12:19 PM (6 months, 29 days ago) |
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China and India have expanding middle classes, demand is much different now than it was even last year.
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I want to tell you a story,
About a little man,
If I can,
A gnome named Grimble Grumble,
And little gnomes stay in their homes,
Eating, sleeping, Drinking their wine
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Minstrel
Talkback is Barberpole
Registered: 03/15/05
Posts: 1,427
Loc: Loc: Loc: Loc: Loc: Loc: ...
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Re: Gasoline May Soon Cost a Sawbuck [Re: danknugz81]
#8345796 - 04/30/08 12:19 PM (6 months, 29 days ago) |
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The news broadcasts oil may hit $10/gal? This fact alone ensures it will happen.
The news doesn't inform. It conditions.
Your life, as seen on TV.
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No individual should dare to call themselves free, so long as a perpetual drug war is waged on their body, their mind, and their property.
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fireworks_god
Sexy ButtMcDanger
Registered: 03/12/02
Posts: 20,449
Loc: red panda village
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Re: Gasoline May Soon Cost a Sawbuck [Re: Minstrel]
#8345869 - 04/30/08 12:46 PM (6 months, 29 days ago) |
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Quote:
Minstrel said:
The news broadcasts oil may hit $10/gal? This fact alone ensures it will happen.
Riiiight. 
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Meet me in outer space
We could spend the night;
watch the earth come up 
I've grown tired of that place;
won't you come with me?
We could start again.
 
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Mushmonkey
shiftlesslayabout
Registered: 09/25/03
Posts: 6,836
Last seen: 2 hours, 25 minutes
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Re: Gasoline May Soon Cost a Sawbuck [Re: xFrockx]
#8345872 - 04/30/08 12:46 PM (6 months, 29 days ago) |
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China's demand is up less than 5%.
OPEC output for march 2008 compared to march 2007 is up approx. 10%
So what's the problem.
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i finally got around to making a sig
revel in its glory and quake in fear at its might
grar.
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blowback
Nothing to lose,nothing to gein.
Registered: 06/03/03
Posts: 350
Loc: Houston Tx.
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Re: Gasoline May Soon Cost a Sawbuck [Re: Mushmonkey]
#8345894 - 04/30/08 12:56 PM (6 months, 29 days ago) |
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The there is a false shortage of oil.
Peek oil is a fraud and the elite are keeping prices up, while artificially keeping the supply is low.
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"Daddy, what's the difference between ignorance and apathy?"
"Son, I don't know, and I don't care"
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cottlestonpie
wanderer
Registered: 01/18/03
Posts: 466
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Re: Gasoline May Soon Cost a Sawbuck [Re: blowback]
#8346027 - 04/30/08 01:39 PM (6 months, 29 days ago) |
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The only good news about this is the higher the gas prices are the more reasons we have to hasten the developement of alt energy and fuel.
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"If you will it there is no dream"
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Mushmonkey
shiftlesslayabout
Registered: 09/25/03
Posts: 6,836
Last seen: 2 hours, 25 minutes
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Re: Gasoline May Soon Cost a Sawbuck [Re: cottlestonpie]
#8346087 - 04/30/08 02:03 PM (6 months, 29 days ago) |
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Except that's a problem, because we'll be (are being) thrown these solutions that are non-solutions because OH CRAP TIME IS RUNNING OUT! and we don't have time to come up with a REAL, GOOD solution.
We should just start burning whale oil in our cars.. at least we already know the problems associated with that. 
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i finally got around to making a sig
revel in its glory and quake in fear at its might
grar.
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trendal
point of inflection
Registered: 04/17/01
Posts: 17,685
Loc: Ontario, Canada
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Re: Gasoline May Soon Cost a Sawbuck [Re: Mushmonkey]
#8346186 - 04/30/08 02:31 PM (6 months, 29 days ago) |
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Actually it's closer to 5%....where did you get your numbers from?
http://www.mees.com/Energy_Tables/crude-oil.htm
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You're here because you know something.
What you know you can't explain,
But you feel it;
You've felt it your entire life.
That there's something wrong with the world.
You don't know what it is, but it's there....
Like a splinter in your mind...
Driving you mad.
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meams
Stranger(s)
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Re: Gasoline May Soon Cost a Sawbuck [Re: trendal]
#8347438 - 04/30/08 09:08 PM (6 months, 29 days ago) |
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So, as oil gets rediculous - what will you all be doing to cope? I realize this is slightly off topic - but I'm intrigued. Get a more fuel efficient automobile? Buy a little 250cc motorcycle? Suck it up and pay?
Will alternate fuels ever be developed to be used by the masses? If so, when?
I feel like this whole 'oil' issue has been around for years - and I have still yet to hear of any mainstream solutions other than that honda car that runs off water vapor(which i'm sure it actually doesn't - at least not to the extent advertised).
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mandolin.
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Icelander
The Minstrel in the Gallery
Registered: 03/15/05
Posts: 23,657
Loc: underbelly
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Re: Gasoline May Soon Cost a Sawbuck [Re: zorbman]
#8347583 - 04/30/08 09:42 PM (6 months, 29 days ago) |
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Quote:
zorbman said:
I have been telling people since 2005 the economy was headed for trouble and that gas prices and the prices of everything else is going up. They called me a fool and I have been enjoying incredible profits ever since.
Enjoy the 4$ gas this summer and I will enjoy my oil/alt energy/ and precious metals investments!
When I started driving gas was 29 cents and it has gone only upward since then. It seems kind of silly to predict that prices will continue to rise when that's all they have ever done. In other words. So what?
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What the thinker thinks, the prover proves. R.A.W.
I don't believe anything, but I have many suspicions. R.A.W.
“I contend we are both atheists, I just believe in one fewer god than you do. When you understand why you dismiss all the other possible gods, you will understand why I dismiss yours.” ~Stephen Roberts
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afoaf
CEO DBK?
Registered: 11/08/02
Posts: 32,305
Loc: Ripple's Heart
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Quote:
prototypical_man said:
People actually went and prayed at a station for gas prices!! ROFL!
Sheeple are so stupid.
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All I know is The Growery is a place where losers who get banned here go.
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