[kempo]

I have a feeling that when Detroit starts making nothing but small fuel efficient cars my Z-71 four wheel drive pick-up will go up in value when gas drops down to $1.25 a gallon.

[muleskinner]

"I have a feeling that when Detroit starts making nothing but small fuel efficient cars my Z-71 four wheel drive pick-up will go up in value when gas drops down to $1.25 a gallon."

That feeling you have is the result of your downing a pint of Jack Daniels.

[Napoleon Solo]

Sorry to say it but you better sell it fast since gas at $1.25/gal will not last too long. Eventually there will be too much competition for the all needed gasoline. It may not go up to the mid 4’s but it will not stay long at the low 1’s either.

[Cronos]

gas will drop down to $30 a barrel, yes. But teh economy will pick up by Q3 2009 and the oil suppliers are cutting down production NOW. when the reversal comes, the cost per barrel WILL yo-yo up and down from $40 to $140 (when the highs and lows come, I don’t know, but they will come) — why? because the price had risen too fast and has fallen too fast. Break-even for most oil cos is $30 to $40 in current $$s, so I’d guess that in the long term it will stabilise to $70. So, it’s best for the US to reduce it’s dependence on oil and cut off it’s dependence on Middle-EAstern oil NOW.