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- brstilson, on 03/08/2008, -1/+50That $8 a gallon funds your socialist government services that Americans don't get. If your government didn't tax gas, it'd cost the same as ours.
- badqat, on 03/08/2008, -3/+51Wow, your description has NOTHING to do with the story you linked. Did you even bother to read it before you wrote your blathering load of crap?
- inactive, on 03/08/2008, -18/+62LMAO at all the Bush voters in their douche bag SUV's.
- inactive, on 03/08/2008, -24/+56I guess the Americans will just have to suck it up when their petrol is $8 per gallon like it is here in the United Kingdom.
- trapilales, on 03/08/2008, -1/+29FTA:
"....Goldman now sees average selling prices of $95 a barrel for 2008, $105 a barrel for 2009 and $110 a barrel for 2010. The high end of its range is now $135 a barrel -- but Goldman hinted that prices could be headed even higher...."
"...a major oil supply disruption could lead to $150-$200 a barrel oil prices,..."
"...Goldman also reiterated its view that oil prices could fall as normal market conditions return over the next four years...."
Ok so uhmmm...the prices could rise anywhere between $90-$200 or they could fall a lot. Wow what a great prediction. Quick somebody ask him the lotto numbers. Money in the bank i tell ya!! - Homerr, on 03/08/2008, -2/+27Mission Accomplished?
- aphexcoil, on 03/08/2008, -1/+24Looks like Goldman Sachs is long on some oil futures and doesn't want to risk getting its nuts slammed in a revolving door.
- warlax27, on 03/08/2008, -0/+22I Am Legend also said that a cancer cure turned people into sicky gnar monsters...
- inactive, on 03/08/2008, -1/+19Thank you taxation structure for that.
- inactive, on 03/08/2008, -0/+18i wonder if there is a way to invest in bicycle futures ?
- dddavid, on 03/08/2008, -2/+19What you forget is that if we go to $8 a gallon gas you will be at $14 a gallon gas. Have fun with that.
- outkaster, on 03/08/2008, -6/+23I drive 65miles a day just to get to work and back. How many miles a day do you drive?
- ColonelJessup, on 03/08/2008, -2/+18They were discussing this on C-Span this morning. The problem here is not a supply vs. demand scenario, there is actually plenty of oil. In fact, the U.S. is sitting on top of a supply that can satisfy domestic demand for 30-50 years.
The reason oil prices are going higher are because the speculators in the market, who are bidding up the price of oil. It is greed, pure and simple. These crooks on Wall Street know nothing but greed. All they care about is squeezing every last red cent they can from the American people. It really makes me sick.
Same thing with the tax on a gallon of gas. 60 ***** cents the government makes off of every gallon. Why? What hand does the government have in oil exploration, drilling, producing, and bringing it to the market? ZERO. Yet they make almost 7 times as much off a gallon of gas than the oil companies do.
*****. They are pricing honest people out of energy. Just like always, the poor/working poor are going to be hit hardest. It really pisses me off that we have these crooks running for office, spewing their populist ***** about "I care about the poor", when these same people are actively working to price them out of energy. How are we going to get to work, to school, to the hospital? How are we going to heat our homes?
Why is it that the poor always wind up paying for everyone elses greed? - inactive, on 03/08/2008, -2/+18True. But the drop in the dollar versus the rise in oil prices is not balanced. Oil prices are galloping higher and higher based on market speculation. Oil has become the new Beanie Baby.
- Ineedanap, on 03/08/2008, -2/+17no,. you pay the SAME for gas, its just heavily taxed- We got out from under the oppressive taxing strategies of mother england sometime back in the late 1700's....
- ralphthemagi, on 03/08/2008, -1/+16It's a speculators market. It has been for some time. We could see it reach $200, but we could also see it collapse down to $50. Yes, a rise in demand had caused prices to increase, and yes the war in Iraq hasn't done anything good for the region's stability; but even together they still do not [statistically] explain $100+ a barrel oil.
Today, oil is being traded like you might trade stocks, bonds or any other kinds of securities. It's become a speculators market, and right now that's a bubble market. Now, it's possible that it will settle at $100/barrel. We don't know. But it is also possible, and equally likely, that the bubble will burst violently and prices will fall back down to what they were a few years ago.
It is precisely because of articles like this that investors are saying, "The price of oil is going to double? Maybe I should invest in oil instead of Google." And rightly so. - NathanMahdavi, on 03/08/2008, -1/+16good thing i can fly
- phogasmic, on 03/08/2008, -0/+15its going to hurt in the short term... but expensive oil is going to save us. If oil prices had stayed high after the last oil spike in the late 70's and early 80's then we would be driving electric cars now, would not be in Iraq, and the Middle East would have diversified they're economy.
- inactive, on 03/08/2008, -2/+16Bush "hadn't heard this" either, I'm guessing.
- Nougat, on 03/08/2008, -1/+15I'll give you $800 for it.
--Jesus - disillusioned, on 03/08/2008, -2/+15You know, it's long been said that a massive spike in oil prices is the only way true conservation efforts will be taken. People will simply no longer be able to AFFORD oil. The issue is that they may instead have to sacrifice their disposable income/discretionary spending, which betters the economy as a whole.
This is why the government could step in with price caps/ceilings and windfall profit taxes, as they did during Nixon/Reagan. It's a dangerous place to go, as any economist will tell you--letting the market set the price is typically the way to go. But when it so royally ***** your economy because people can't spend their money anywhere BUT oil, it's an issue.
Some changes are a'coming, but things need to improve and we need to move far, far off oil. - allan17, on 03/08/2008, -1/+14Remember that the UK is much smaller geographically.
- fredrated, on 03/08/2008, -3/+16All of ANWR has about 4 months of oil at present usage rates, and you expect that to solve the world oil crisis? Good luck with that. The real problem has been that Bush's energy policy since the day Cheney took office was 'use more oil, it's good for the profits of our supporters'.
- LightSpeed4, on 03/08/2008, -2/+15right because those technologies are extremely cheap and viable options
- tcpip4lyfe, on 03/08/2008, -1/+14down there?
- charmaniac, on 03/08/2008, -1/+13Don't believe anything the investment banks tell the general public. They are market manipulators.
- PSUstoekl, on 03/08/2008, -2/+14I just heard an interview on NPR where Adam Davidson stated that all of this has nothing to do with demand, but is instead simply investors the world over banking on the rising price of oil. He sees that in six months the price of oil could reasonably be between $30 and $150 a barrel, depending on what happened.
What this means for gas prices is really still up in the air.
http://www.npr.org/templates/story/story.php?story ... - toast24, on 03/08/2008, -0/+11I live four blocks from where I work (downtown Austin) so I just walk. Foot power FTW.
- inactive, on 03/08/2008, -0/+10all the ***** they collected - including the kids -- were OPTIONAL
- charmaniac, on 03/08/2008, -2/+11I remember arguing with my Republican friends about their SUV's. They would proclaim that they "needed" the SUV because their toting their children and all the belongings which that entailed took up a good deal of space.
Now, most of them are Republicans who are voting for a Democrat in 2008. Turns out, spending $100 to fill up your vehicle using your credit card so you could commute 25 miles to work from the suburbs wasn't such a good idea. Instead of blaming themselves, they blame Bush. - mcduck, on 03/08/2008, -3/+12Here in Norway, we pay $9.30 usd pr gallon, if that doubles, i will concider hanging myself.
- mrsteveman1, on 03/08/2008, -1/+10Doesn't really matter, once oil becomes so expensive it will be cheaper to do other things like electric vehicles, hydrogen cars etc. So if this is what it takes to move away from oil, so be it.
- waspbr, on 03/08/2008, -3/+11and the war in the middle-easr has nothing to do with this eh?
- mediaspree, on 03/08/2008, -2/+10I Am Legend had it right with $6 /gallon gas.
- MikeSD34, on 03/08/2008, -1/+9With the falling US dollar this shouldn't be any surprise at all. Our dollar is worth less in other countries then it was before so of course foreign products are going to cost more, regardless of any other outside factors.
- dtfinch, on 03/08/2008, -1/+9The dollar will reach 0.005 barrels of oil really soon.
- wootup, on 03/08/2008, -0/+8You've clearly never looked at the people who drive Hummer H3s
- Kev585, on 03/08/2008, -2/+9Commuter culture FTW / L
- maley, on 03/08/2008, -1/+8So either pay up on gas or move closer to work.
- Nougat, on 03/08/2008, -1/+7That oil wouldn't even be in the market yet, and even if it was, it wouldn't be enough to bring the worldwide price down. It would just be a(nother) windfall for oil companies.
- ralphthemagi, on 03/08/2008, -0/+6For regular. It's already over $4 for premium in San Francisco. I paid $3.98 the other day, and I live on the peninsula.
- charmaniac, on 03/08/2008, -1/+7Don't believe the hype. Oil will go down in price very soon because demand is already diminishing due to a deep U.S. recession. While globalization has increased demand worldwide, the United States is still 25-40 % of the world economy. Demand WILL go down and either OPEC will reduce production at their own peril (thereby keeping the price high), or the price of oil will decline to to meet a larger supply. We went through this in the early 80's when everyone thought the price of oil would stay up, but it didn't. I hope that oil stays high because it will motivate the US to seriously effort other sources of energy, but I suspect that the price will decline in the near future.
- pell, on 03/08/2008, -0/+6Gas prices do suck no doubt and EVERYTHING will go up because of it. Food prices are where I noticed it the most. Plus now "fuel surcharge" for shipping items. The consumer gets the cost no matter what, corporation wont lose money. It is truly sad.
- solinent, on 03/08/2008, -0/+6You do realize that without oxygen your car wouldn't work, dont you?
- charmaniac, on 03/08/2008, -1/+7Bush said the U.S. is not in a recession. That means we are most certainly in a recession. With Bush, you take what he says and believe the opposite. Isn't that great? The most powerful man in the world has the credibility of Hugo Chavez. 1/20/09 can't come soon enough.
- elipabst, on 03/08/2008, -1/+6Very few cities in the US have public transportation systems that would be realistic for the majority of people to get to work that way.
- gdagreat, on 03/08/2008, -0/+5Damn it! public transportation here i come...
- capiCrimm, on 03/08/2008, -0/+5Thank you for participating in this Epic Fail.
- TheSabre, on 03/08/2008, -3/+8I ride the train 4 miles to work. I haven't had to drive in over a year. DC Metro FTW.
- elig, on 03/08/2008, -4/+9I'm so glad I live in Holland. Forgive me for not giving a sh*t as I ride my bicycle to the train station where I will board an electrified railway car, and then board an electric tram.
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