Oil's slide could push gas to $1.15

News & Observer ^ | 9/14/2006 | Kevin G. Hall

[Uncledave]

Just another opinion floating out there among the millions.

[philsfan24]

ill believe this crap when i see it.

[Red Badger]

$1.15 a gallon? Wow, I can stop buying bologna by the case for feeding the family, now!..........

[Lunatic Fringe]

Duplicate:

http://www.freerepublic.com/focus/f-news/1701306/posts

[Diggler]

It can only go so low because of the confiscatory taxes placed on it.

[GreenAccord]

With every energy expert spouting off, I'm sure someone's going to guess right. Those that guess wrong will say that something unforeseen altered the market and caused their estimates to be off.

I suppose the correct guess would be the opposite of the conventional wisdom. That, and gas will be more expensive ten years from now. That's my guess. I'll check back in ten years to see if I was right.

[Armedanddangerous]

One thing is for sure...Democrats will be deeply saddened if it comes to pass.

I'd just like to see it about $1.80 a gallon by a week before election day.

[Uncle Hal]

I do not think you will see gas approaching a $1.15 at the pump anytime soon. There is a herd mentality. When goods start moving in one direction everyone thinks it will continue forever in that direction. Eventually there is a correction and the forces that drove it up now work in reverse to drive it down and vice versa.

[kinoxi]

It has nothing to do with production

[trumandogz]

$15.00 a bbl oil would be devastating to the economies of the oil producing states in the US.

[trumandogz]

$15.00 a bbl oil would be devastating to the economies of the oil producing states in the US.

[edcoil]

Gov will not allow it, think of their loss of tax revenue.

That, is why no matter how much you make, the price never gets lower.

[trumandogz]

How would the Government lose tax revenue from the decreasing price of gas?

[rahbert]

I won't be sad to see the end of all the spite wells
around here!

[ArGee]

Oil's slide could push gas to $1.15

"Rove you magnificant bastard" bump.

Shalom.

[RobRoy]

If this happens, we need to build a lot more roads.

[subterfuge]

One thing is for sure; the price of crude is dramatically affected by profit-takers and market-manipulators, fwiw.

[NeoCaveman]

Just another opinion, but I think he called gasoline going through the roof.

So while I think this is too optomistic, who knows.

[dirtboy]

$15.00 a bbl oil would be devastating to the economies of the oil producing states in the US.

And would kill off efforts to develop alternative fuels.

I hope the price settles in about $45-50/bbl. A price that people can afford, but also a price that encourages more exploration and more alternative fuels development.

[trumandogz]

OPEC after all these years has learned that if they set production limits and all the member stick with then that they can control the price of oil. With this understanding they will let the price fall 25-20% but not 75%.