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433 Comments
- o0joshua0o, on 05/08/2008, -7/+90The government causes geopolitical instability in oil-producing regions
The government enacts poor fiscal policy that leads to devaluation of the dollar
The government does little if anything to promote alternative fuels
The government wastes billions of dollars on an unjust war
The government protects the interests of Big Oil - KyleRayner, on 05/08/2008, -28/+89*Yawn*
Wake me up when it hits $8.00 a gallon. The sooner we hit prices like that, the faster we kick the habit. When it costs more to commute to work than youll make at work that day, we'll see some real motivation for change. - inactive, on 05/08/2008, -14/+73Exxon shatters profit records
Oil giant makes corporate history by booking $11.7 billion in quarterly profit; earns $1,300 a second in 2007.
By David Ellis, CNNMoney.com staff writer
February 1 2008: 2:26 PM EST
NEW YORK (CNNMoney.com) -- Exxon Mobil made history on Friday by reporting the highest quarterly and annual profits ever for a U.S. company, boosted in large part by soaring crude prices...
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Mission accomplished! - elig, on 05/08/2008, -20/+53I pray for $10 per gallon! To hell with your sense of entitlement to unlimited, cheap nonrenewable resources. We won't be dumping our oil addiction until there's pain in our dependency on it.
(I just took a high speed train through Germany - windmills and solar panels everywhere. They're building nearly a GIGAWATT per year of solar capacity alone.) - slifty, on 05/08/2008, -1/+31I get your reasoning - people need a kick in the pants and high prices is a good way of doing it, but "praying" for that is like praying for a war in Iraq that everyone will hate just so that a Democrat can get office in 08.
Just remember that rich hogs with H2's aren't the only ones who use gas. - AmusedToDeath, on 05/08/2008, -25/+53You'll also see a complete and utter financial system collapse. Lots of people will die. Lots of people will starve. Your life will most likely go in the ***** with the rest of us. Is that the kind of change you're looking for, you selfish deluded prick?
- wukillabee, on 05/08/2008, -17/+44hertes an idea.. STOP USING SO MUCH ***** GAS!
- inactive, on 05/08/2008, -2/+27Question: Are they making record profits, or record profit MARGINS?
Because if the price of gas goes up, it makes sense that they would ultimately get more money. But is their cost of doing doing business inflating at the same rate? It should, since the barrels cost more.... - KyleRayner, on 05/08/2008, -7/+31*****. When gas was pennies per gallon, Im sure "experts" wouldve said the same thing about $4.00/gallon gas. Fact is, the news is just whipping people up over gas prices for ratings. I still see people buying Starbucks, buying McMansions, buying movie tickets. The price of gas is not hurting America as much as its made out to, and it will be a very long time indeed before that happens.
Calm down spanky. - yodaj007, on 05/08/2008, -9/+32I pray the current gas prices are the peak.
- GRANDPAMUNSTER, on 06/11/2009, -14/+37I'm quite sure that we heard that gas was supposed to peak at : $ 3.40, $3.50, $3.60 and now $3.70, and what does the govt. have to do with gas prices anyway.
- skidooer, on 05/08/2008, -2/+20I pray that people start to rethink how they use oil so that we aren't having this exact same discussion when gas hits $10/gallon.
- MattB123, on 05/08/2008, -2/+19"Domestic gasoline consumption is likely to fall more steeply than expected this year, the Energy Department said, an indication that higher prices are cutting into the driving habits of many Americans."
I see this as a good thing. Maybe people will take energy consumption seriously now. - daschupa, on 05/08/2008, -1/+18We all can't have our mom drive us.
- skipdog172, on 05/08/2008, -7/+24Why? Because I don't like paying higher prices for EVERYTHING and having less money. We are waiting for a company who can mass-produce very efficient cars and their motivation is making a TON of money. There has been TON of investment in alternate energy and I feel like all we can do is wait...I don't feel like continued higher gas prices will all of a sudden make these companies come up with a magic idea they never thought of before or spur investment to a point beyond the investments that have already been made. I don't see additional investment all of a sudden making these companies come up with their "magic idea". I am tired of seeing all of these "gas has to be $8/gal for us to get motivated to change"!!! Apparently these folks aren't aware of the massive amounts of money already poured into these investments so it is not like there aren't many companies trying to find a solution. $8/gal gas doesn't make these companies decide "hey we should work on that whole energy efficient thing". I don't think this call for "lets see $8/gal gas RIGHT NOW SO SOMETHING GETS DONE!" has much merit. All it means is that our economy will suffer for longer and I can't understand why some of you would wish that upon America. If a company could mass-produce affordable cars that consume much less gas and be profitable, THEY WILL MAKE THEM! They aren't waiting for gas to get extremely high and some of these companies already have enough invested in them that it is not like investing a bunch more in them will let them come up with their magic idea that nobody else thought of.
- inactive, on 05/08/2008, -3/+17Stop consuming goods.
Considerably more oil is used by the commercial and industrial sectors then the amount used by drivers. - o0joshua0o, on 05/08/2008, -0/+13That makes zero sense. Did you even read the comment you're replying to?
- dexter411, on 05/08/2008, -1/+14Because we don't pour crude into our cars.
- Samohtneas, on 05/08/2008, -2/+14Not everyone has that kind of money, mind you... just getting around on a part time job in school can be a problem sometimes.
- GreyICE, on 05/08/2008, -8/+19Why? I pray they haven't peaked yet. I haven't seen so much interest in energy efficiency EVER.
- dsmx, on 05/08/2008, -1/+12Gas prices are only going to get higher as the dollar falls in value and the demand for oil rises ever higher.
- Jaablaze, on 05/08/2008, -3/+14Also, he doesn't realize that when people can't buy what they NEED, they TAKE what they NEED...likely from people like kyle.
- MetalLizard, on 05/08/2008, -4/+15Anyone hoping or praying for higher gas prices obviously doesn't even drive to begin with.
- Witchbaby, on 05/08/2008, -1/+12I agree - we all need to use less gasoline.
BUT: I think people forget that in rural areas, it's HARD to not use gas!! There's no mass transit system.
So we can walk/ride bike. Sure.
But in the winter it gets -25 degrees on average!! - SpacePoet, on 05/08/2008, -0/+11And to think we bombed them into the stone age 60 years ago, now they are way beyond. Got to hand it to the Germans and a lot of European countries, they are smart thinkers and doers.
- skidooer, on 05/08/2008, -0/+10"And what is this with corn going up?"
Perhaps the farmers have learned that they can actually make a profit on their crops and will give their product away at a loss no more? I guess that's just wishful thinking. - inactive, on 05/08/2008, -0/+10People are very inventive when ***** hits the fan.
- Joeyrev, on 05/08/2008, -0/+9Truck and SUV sales are actually down across the board. GM down 32%, Ford down 25% and Toyota down 15%.
http://www.cnbc.com/id/24409772 - Phearce, on 05/08/2008, -2/+11Right. High gas price will be the end of society. As proof, I present these recent prices:
Date 4/28/2008, Belgium 8.69, France 8.30, Germany 8.53 , Italy 8.26 , Netherlands 9.45 , UK 8.26 , US 3.83
(U.S. Dollars per Gallon)
http://www.eia.doe.gov/emeu/international/gas1.htm ... In short, welcome to the global economy Mr. AmusedToDeath. - houndeyex, on 05/08/2008, -2/+11...or we'll just all whip out the plastic and continue to cry. We're getting boiled like frogs here with the slowly but surely rising prices.
- Narcism, on 05/08/2008, -3/+12Kyle doesn't understand that when gas prices go up, so does everything else. :)
- Danzig777, on 05/08/2008, -0/+9Looks like the SUV drivers are digging you down
- fuzed, on 05/08/2008, -2/+10Wrong - the rich will realize the raising cost of oil and go out and buy hybrids and electric cars. The poor will go out and get rediculous loans for Escalades and Hummers with tinted windows and 20 inch rims - not realizing they can't afford it in the first place. But hey, at least they'll look cool playing their stereos at an absurd level in their driveway.
- alanthing, on 05/08/2008, -0/+8The more customers that spring for the $2.99 gas deal, the more that Chrysler will save, which will save approx. $400 a year for 3 years is $1200. The other option is a $2000 cash back rebate. Unless gas skyrockets to some insane amount, it's a ripoff/clever marketing ploy.
Source: http://www.autoblog.com/2008/05/06/chrysler-critic ... - stinkypickles, on 05/08/2008, -1/+9$3.73 BY JUNE? IT'S ALREADY $3.79!
Nice try, though! - kurtwinter, on 05/08/2008, -5/+13Gas is already over $4.00 in NYC, and damn close to it in NJ and LI. Just sayin. To all the SUV owners, ***** you.
- asskicker32, on 05/08/2008, -1/+9And thats a good thing. The government also wont let Oil companies rip up the rockies to get at the deposits under Colorado and Utah. At some point, you have to realize that the price to pay for oil is too great.
- jp12380, on 05/08/2008, -3/+11If they were spending all the extra on the cost of oil, then I don't believe that would be profit. That would be record revenue.
- inactive, on 05/08/2008, -1/+8 The bus is not so bad.
- inactive, on 05/08/2008, -1/+8Hi this is god, cant come to the pray-o-phone right now I am on a smiting holiday in Myanmar. please leave a message, they will be ignored in the order in which they are received.
- jjensenii, on 05/08/2008, -5/+12I was in Europe back in March, and the price of petrol in England worked out to something like $9-$10 per gallon. So I no longer feel worried about gas prices, nor sympathy for those who whine about our prices here.
- Andysan, on 05/08/2008, -3/+10While we may be paying a stupid tax at the pump for not developing new domestic oil sources, the politicians responsible will almost certainly pay a reelection price in November.
- GeauxLSU, on 05/08/2008, -0/+7I bought a Yaris a year and a half ago (as did my wife). I also moved closer to work. Net result....I fill up once a month. Americans need to learn! Conservation is important for so many reasons excluding GW!
I am disgusted with people in massive SUV's, trucks or high horse power inefficient cars (usually with one person in them)....And they don't all have old W or new McCain stickers. There are many with Hillary and Obama stickers - Armagetto, on 05/08/2008, -1/+8The whole post-depression/WW2 era was a testimony to this. Unfortunately, we forgot everything we learned then and just lapsed into lazy careless consumption immediately after.
- oce222, on 05/08/2008, -1/+8This is a blessing as well as a curse. We're finally starting to see Americans shifting in larger numbers to smaller vehicles. That's a great start.
- dcode, on 05/08/2008, -0/+7$3.73 for an average by end of june? We hit $3.89 last night here in the suburbs of Chicago. By June I expect it to be more than that.
- gaqua, on 05/08/2008, -0/+7actually most of our gas comes from Canada.
- thawkth, on 05/08/2008, -1/+8You don't really know much about physics do you? Neither do I.
I do know that you would create drag using such a system - the energy would have to come from somewhere to get up to 60 mph first of all - second of all, the wind would push against the turbine and totally kill any aerodynamics of the car.
Plus I'll bet accidents could be kinda interesting - Bayan44, on 05/08/2008, -0/+6You Americans are a bunch of crying babies. Peak Oil theory will only have prices increasing. So once the Americans are done parading around any developing country that has oil we will really start prices to shoot. Imagine paying 78 cents a liter and still complaining. Thats what its like to be an American. You dont hear the Swedish complaining at $6.89 USD a gallon, nor the English at $6.50 USD a gallon. So stop your belly aching.
- inactive, on 05/08/2008, -1/+7@clemsontiger you have no grasp of price elasticity. Demand for gasoline, like demand for food, does not respond quickly to changes in price. That's why the greedy oil companies have such an easy time charging whatever they want for it.
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