Mass market gas price hysteria- $12 a gallon gas

[Warp Daddy]

Last nite 2 separate talking heads on National news NBC and CBS mention gas could increase to 12 bucks a gallon in the foreseeable future , while CBS stated $ 6 BY end of the summer !

This hysteria feeds overly nervous individuals and so called professionals and is the driving force in the self - fulfilling prophesy called the Stock Market . Moreover the China Syndrome is only but one part of teh problem -- Not the driving force

It seems a major DOMESTIC culprit/ University development investment portfolios are also feeding this frenzy !

I'm venting here but ,if we can't ratchet up our technological intellect and the intellectual and financial capital to rationally and systematicall deliver BETTER results on alternatives - it may be time to seriously consider nationalizing the Greed hog oil corps C'mon guys alternatives are no longer a debate its time @ $6 /gal to FIND A SOLUTION NOW

WE NEED REAL LEADERSHIP AND SOON or we suffer second tier status within a generation

 

[GrilledSteezeSandwich]

Based on the price of a barrel of Oil the price of gas should be $6 per gallon. My mileage reimbursement at work just went up from 36 cents per mile to 48.5 cents per mile. With $6-7 a gallon gas prices by ski season..lift lines are going to be much shorter. I know we're not supposed to discuss politics..but the oil companies and the US government work together for the best interest of themselves..not the US people..

 

[Warp Daddy]

[..lift lines are going to be much shorter. I know we're not supposed to discuss politics..but the oil companies and the US government work together for the best interest of themselves..not the US people..[/QUOTE]

 

[wa-loaf]

I like the explanation of how the oil execs need all those profits for oil exploration. If they really were spending that much money on oil exploration, they wouldn't have those huge ass profits. :smash:

 

[Warp Daddy]

Sorry hit the damn button too quick -- GSS ur right on both statements above .

On a larger level several sectors of the economy may be crippled and further job loss will accellerate until this gets solved . Skiing is discretionery spending at that usually is the first thing cut during hard times s. Most of the folks here are young have not really experienced HARD times and so have difficulty IMAGINING that it could happen . trust me its on the radar screen as we speak

 

[deadheadskier]

Nationalizing would help, but only so much. I read an article that if all of the profits of Exxon and Shell would be returned to consumers, the price difference would be about forty cents. I don't know the extent of all of the oil giants, but if they were all to kick back those funds, we're talking maybe a buck? A buck would be GREAT at current prices. A buck at $6? not so much of an impact.

It's really the commodity betting that is the problem as you said. Not only on gas, but also food prices.

Scary times right now. If gas gets to $6-$7, I'll probably be out of a job as my business is so dependent on the transportation of goods and such increases would price us out of the market in everywhere but NYC.

One can only hope the dollar rebounds. That to me seems like what would help the most right now. Thank you Dubya for the 9 trillion dollar debt, which makes the dollar look pitiful in the eyes of other nations around the world.

 

[deadheadskier]

....and exactly why are the Oil companies receiving 18 billion in tax breaks? that's my question

 

[wa-loaf]

Sorry hit the damn button too quick -- GSS ur right on both statements above .

On a larger level several sectors of the economy may be crippled and further job loss will accellerate until this gets solved . Skiing is discretionery spending at that usually is the first thing cut during hard times s. Most of the folks here are young have not really experienced HARD times and so have difficulty IMAGINING that it could happen . trust me its on the radar screen as we speak

Yup at $6+ a gallon I may not be willing to drive up to VT and will be skiing a lot closer to home. $57 to fill up our little 16 gal tank yesterday. At 6 bucks that's going to be $100+.

 

[Moe Ghoul]

At least another 2-3 years of major pain and stagflation. No change in washington means declining dollar. prolly another 30%

 

[andyzee]

With $6-7 a gallon gas prices by ski season..lift lines are going to be much shorter.

 

[ed-drum]

The people who watch the Bilderberg group said they were going to do this last year. It's going to get a lot worse. It's time for another tea party. Ed.

 

[Warp Daddy]

Thats why average citizens like us have to turn up the HEAT on our representatives . WE need to get off our butts and make our voices HEARD . Mediocrity can NO longer be tolerated

As James Otis said over 200 yrs ago ---------------------Taxation without representation is tyranny

 

[wa-loaf]

That's not a good thing. :smash:

Shorter lift lines means bad business for the ski industry which equals more places on NELSAP and shorter seasons. :roll:

 

[andyzee]

That's not a good thing. :smash:

Shorter lift lines means bad business for the ski industry which equals more places on NELSAP and shorter seasons. :roll:

Face facts, one way or the other we are doomed, doomed I tell you. The END IS NEAR! So just make the best of it, put you head between your legs and kiss your ass good bye

 

[Warp Daddy]

That's not a good thing. :smash:

Shorter lift lines means bad business for the ski industry which equals more places on NELSAP and shorter seasons. :roll:

BINGO !! point is finally made

The ski industry already suffering from decline will face accellerated decline and most folks will FEEL REAL economic pain for FIRST time in their lives. Think Domino effect as far as ANY discretionery spending then think on industries thatDEPEND on discretionery spending -- it gets UGLY real quick

alternative -- get out your XC or Tele skis

 

[Moe Ghoul]

The bigger resorts will do fine and border states as well, you'll just hear more mandarin, russian, european and french canadian

 

[Warp Daddy]

I think that America has TALENT and resources to BEAT THIS PROBLEM

Do we have the WILL? --- I think intellectually yes but operationally no at this point . we need to GET CRACKIN --no more excuses , get movin , set some serious national goals , hold folks feet to the fire for results and the problem will be solved

America still for all our issues is the greatest place in the world . We can beat this thing

 

[andyzee]

I think that America has TALENT and resources to BEAT THIS PROBLEM

Do we have the WILL? --- I think intellectually yes but operationally no at this point . we need to GET CRACKIN --no more excuses , get movin , set some serious national goals , hold folks feet to the fire for results and the problem will be solved

America still for all our issues is the greatest place in the world . We can beat this thing

Over? Did you say "over"? Nothing is over until we decide it is! Was it over when the Germans bombed Pearl Harbor? Hell no!

(Sorry, goofy mood today :lol

 

[wa-loaf]

I think that America has TALENT and resources to BEAT THIS PROBLEM

Do we have the WILL? --- I think intellectually yes but operationally no at this point . we need to GET CRACKIN --no more excuses , get movin , set some serious national goals , hold folks feet to the fire for results and the problem will be solved

America still for all our issues is the greatest place in the world . We can beat this thing

That's the silver lining. High energy prices will make a lot of alternate energy sources much more affordable and spur a lot more development in that area.

 

[Warp Daddy]

Over? Did you say "over"? Nothing is over until we decide it is! Was it over when the Germans bombed Pearl Harbor? Hell no!

(Sorry, goofy mood today :lol

Zeemeister : I really appreciate your humor !I

ts really good to have a little sunshine when the clouds of reality seem really dark!


As an economist by trade ( yep a damn dismal scientistI) 'm ruminating because i care , especially about my family , grandkids and guys like you ALL here who have alot of life yet to live .

Me --hell i'm 65 , married to a great woman , comfortable and can prolly rideout any of this crap

It just PAINS me to see us in this mess when i KNOW damn well as an educator WE HAVE THE ABILITY to solve it

Andy thanks for keepin this Heavy topic lite my friend

WARP