Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Gas prices hit high
CNN ^ | August 14, 2005

Posted on 08/15/2005 6:06:24 AM PDT by BulletBobCo

click here to read article


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-80 ... 281-283 next last
To: IamConservative
Nefarious trading activities manipulating the market?

Not so much nefarious as stupid. Although those who consider themselves your betters are certainly celebrating the pain your "oversize" SUV is causing you. Thet believe large automobiles should be reserved for them.

It is the same thing that fueled the dot com bubble and is fueling the real estate bubble: People have built up a sizable amount of wealth, they are greedy for more, and they don't want to take the slow and steady approach for more. Right now, they are bidding up the price of oil and real estate, looking for the next get richer quicker scheme.

Anything demonstrating an upward tick attracts their attention, then the glom onto it and speculate it into the stratosphere. Eventually something spooks the herd (see the dotcom bubble) and they stampede off leaving disaster in their wake.

41 posted on 08/15/2005 7:57:48 AM PDT by hopespringseternal (</i>)
[ Post Reply | Private Reply | To 14 | View Replies]

To: subterfuge
Build some Nuclear power plants near John Kerry's houses.

Better yet.....use that imminent domain thing and build a nuclear power plant on his property.

42 posted on 08/15/2005 7:59:50 AM PDT by BulletBobCo
[ Post Reply | Private Reply | To 35 | View Replies]

To: BulletBobCo

Move along, nothing to see here....adjust for inflation and stick your head back in the sand to protect your favorite politician.


43 posted on 08/15/2005 8:03:39 AM PDT by trubluolyguy (Well, why did you pull a gun on me if you didn't want to have sex?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: deadeyedawg

"It'll take $90.00 a barrell in todays dollars."


Wait a week.


44 posted on 08/15/2005 8:06:27 AM PDT by trubluolyguy (Well, why did you pull a gun on me if you didn't want to have sex?)
[ Post Reply | Private Reply | To 12 | View Replies]

To: NCC-1701

You are not alone in your thinking

http://money.cnn.com/2005/08/12/news/economy/oil_texas/

But with the spot price of gasoline just under $2.00, once you add in state and federal taxes, plus needed profit for refinerys, middlemen and stations, there isn't that much left over for gouging. Could there be some, sure, but if it were more than 5 or 10 cents I would be surprised. Not being an economist or in the oil industy myself I couldn't say.


45 posted on 08/15/2005 8:07:05 AM PDT by NYorkerInHouston
[ Post Reply | Private Reply | To 40 | View Replies]

To: mysterio
What is your short term solution?

There is no need for a short term solution. I tend to hope it stays high so our waste problem takes care of itself.

46 posted on 08/15/2005 8:10:45 AM PDT by biblewonk (A house of cards built on Matt 16:18)
[ Post Reply | Private Reply | To 37 | View Replies]

To: Bulwark

Amazing how so many people are under the impression that hybrids are plugged in, when they never are. Of course, a Prius has an amazing amount of room now as well (it is considered mid-size).

While the economy is becoming more efficient (less energy per $ GDP), oil usage is ridiculous in this country. Its not safe or healthy. But I don't approve of raising taxes on gas to ridiculous levels to encourage conservation, or of providing tax incentives which worsen the deficit for fuel efficient vehicles that are very limited in supply.

So what to do? My proposal would be to roll in, over a period of 8 years, a $2 federal surcharge per gallon of gas (hold on, before you panic). That gives people time to adjust the type of vehicles they own. That money would then go to a federal fund to be redistributed to income tax payers on their 1040 returns. For every person of voting age in a household on a tax return, you can claim a proportional credit on your return. Hypothetically, if the average driver goes 12,000 miles per year in a 25 mpg car, that would be $960 in surcharges. If you have 250 million drivers, that's $120 billion nationwide in surcharges, and every driver would be eligible to claim a $960 tax CREDIT on their return.

So how would that help? If you have a car that gets 30 mpg, you've only paid in $800 in surcharges, but you still get the $960 credit, so you get a reward for conserving. If you get 12.5 mpg in your H2, that's $1920 in surcharges, so you're paying a $960 premium on your gas and getting penalized for waste. So yes, it would be like a tax on those who waste fuel. But it would be one that everyone, regardless of income, could choose to avoid just by doing better than average. Buy a hybrid compact car getting 43 mpg and drive 10,000 miles per year, and you would end up $500 ahead every year, and the it would cost the government nothing, unlike current hybrid credits. Take public transit and save even more!

It seems that something like this would be a cost effective way of convincing people to shift habits, conserve oil, send less money to support corrupt middle east regimes, discourage urban sprawl (which would in turn save tons of money on road construction and maintenance), and improve air quality at the same time (fewer emissions).


47 posted on 08/15/2005 8:20:26 AM PDT by eraser2005
[ Post Reply | Private Reply | To 18 | View Replies]

To: Trust but Verify
As an aside, I just heard today that Winnebago (the RV people) are idling their plant. Gas prices are high, and demand is down. So at least on business is getting pinched, partially because of gas prices.
48 posted on 08/15/2005 8:23:38 AM PDT by redgolum ("God is dead" -- Nietzsche. "Nietzsche is dead" -- God.)
[ Post Reply | Private Reply | To 26 | View Replies]

To: NYorkerInHouston
I wouldn't even begin to believe we know all the reasons behind the price increases, media experts notwithstanding.

Unfortunately, for the masses, "perception is reality", and GWB and the Republicans, as the party in power, are going to take a big hit on this if they haven't already.

There's probably very little GWB can do about it (although you'd think he could call in a few chips with a Middle East potentate or two).

My concern is that he's following in the footsteps of his dad by not even addressing what's going on.

Remember GHWB fumbling around in the supermarket checkout line? That, more than anything, may have cost him the '92 election

True...it would only be symbolic, but GWB needs to explain (as best he can) to the American people why this is all happening, and express his empathy and concern.

He's looking pretty aloof about it right now.

49 posted on 08/15/2005 8:25:23 AM PDT by daler
[ Post Reply | Private Reply | To 45 | View Replies]

To: hopespringseternal
And when that commodity bubble breaks, the guys that got in on the end really lose.

The question is how much pain it is going to take till reality comes back into the market. And yes, I suspect this is going to get a lot of Dems elected in 06 and 08.
50 posted on 08/15/2005 8:26:43 AM PDT by redgolum ("God is dead" -- Nietzsche. "Nietzsche is dead" -- God.)
[ Post Reply | Private Reply | To 41 | View Replies]

To: NYorkerInHouston

Wow, that was an eye-opener. If Texas oil men are talking about it, there's got to be something to it. Call it "creative manipulation" of the cost of oil. I'm sure Big Oil could may be engaged in a certain amount of gouging. Their obsene profits of late might be a good indicator.


51 posted on 08/15/2005 8:29:10 AM PDT by NCC-1701 (ISLAM IS A CULT!!!!! IT MUST BE ERADICATED FROM THE FACE OF THE EARTH.)
[ Post Reply | Private Reply | To 45 | View Replies]

To: Koblenz

The problem is it will affect everything you buy-especially food. THat will increase costs across the board.

TLR


52 posted on 08/15/2005 8:29:37 AM PDT by The Last Rebel
[ Post Reply | Private Reply | To 10 | View Replies]

To: BulletBobCo

You'll know it's really bad when someone siphons the gas out of your tank. Hasn't happened to me or anyone I know yet but I expect it will soon. Locking gas caps may be a hot seller before long.


53 posted on 08/15/2005 8:30:43 AM PDT by Buck72
[ Post Reply | Private Reply | To 1 | View Replies]

To: eraser2005

That's changing, there are hybrid customizers who are converting hybrids to plug ins.

The auto manufacturer's wont be far behind.

some are claiming in access of 100 mpg.

http://www.calcars.org/vehicles.html


54 posted on 08/15/2005 8:31:06 AM PDT by stylin19a (In golf, some are long, I'm "Lama Long")
[ Post Reply | Private Reply | To 47 | View Replies]

To: sandbar

My son quit his job last week because of the commute and gas prices. He can't be the only one.


55 posted on 08/15/2005 8:32:55 AM PDT by I still care (America is not the problem - it is the solution..)
[ Post Reply | Private Reply | To 8 | View Replies]

To: biblewonk
That would be socialism.

Not if the government stimulated demand by removing restrictions to free enterprise. How about ANWR drilling or lowering the gas tax? There are plenty of things they could be doing and aren't.

56 posted on 08/15/2005 8:40:00 AM PDT by Texas Federalist (No matter what my work/play ratio is, I am never a dull boy.)
[ Post Reply | Private Reply | To 15 | View Replies]

To: Terabitten
...out of control gouging, and loving it!

The oil boys have always played with the public like a cat with a half dead mouse or bird.

They love it more than sex.

In their mind

"Stupid is as stupid does"

, and they gouge away when in the mood until it backs up at the refinery.

That's exactly what's happening with this latest gouge fest.

Tankers of crude are parked at refinery docks waiting for room to be made in refinery crude tanks to offload.

Happens every time they over gouge.

That's how they know when to stop (they already need glasses).

57 posted on 08/15/2005 8:41:20 AM PDT by norraad ("What light!">Blues Brothers)
[ Post Reply | Private Reply | To 34 | View Replies]

To: stylin19a

Never heard of people doing that before - thanks for the link. I think that's a great idea (optional plug-in) if we provide non-oil based power to recharge them (enough building oil-fired power plants).

There's no reason we can't be much, much more energy independent - there just needs to be a general incentive to avoid oil waste... Which is hard to acheive when oil is cheap... but waste becomes painful when oil gets expensive.....


58 posted on 08/15/2005 8:45:38 AM PDT by eraser2005
[ Post Reply | Private Reply | To 54 | View Replies]

To: daler
True...it would only be symbolic, but GWB needs to explain (as best he can) to the American people why this is all happening, and express his empathy and concern.

I agree with you completely. Most people have no idea why all of this is happening. They need to be told.

All anyone knows is that gas prices have risen a lot, not a little, but a lot and there has been NO explanation from Washington.

Some people at Free Republic may sneer at the sheeple who dare to have SUVs and long commutes. Maybe everyone really should ride a bike. But there better be a real good reason that is made clear to people, and that is the President's job. He is supposed to lead.

Yesterday my father (not a political man, just a regular working man) went to the gas station and there was a long, long line. This is in Pennsylvania. He said it was a line just like he remembered from the 70s. He was astonished and upset. He ended up going somewhere else and paying nearly 20 cents more ($2.93 a gallon), and only filling up the car a third. Can't afford a full tank at those prices.

It's bad when people start thinking it is the 70s all over again. Many people, right or wrong, already believe Bush is somehow in league with the Saudis and big oil. It's one of those urban legends but a whole lot of people believe it. He needs to show some leadership.

Because soon the Democrats will take advantage and they'll be the ones framing the situation.

59 posted on 08/15/2005 8:47:49 AM PDT by DameAutour (I'm uniquely one of us and one of them.)
[ Post Reply | Private Reply | To 49 | View Replies]

To: Trust but Verify

" I'm surprised it hasn't slowed things until now."

Actualy i suspect it has, I think it'll be onthe MSM around the end of november when we start seeing Q3 and the numbers from projections on Q4 of the year. I think we'll see that Grenspans rosey picture isn't so rosey.


60 posted on 08/15/2005 8:48:37 AM PDT by strange1 ("Show the enemy harm so he shall not advance" Sun Tzu The Art of War)
[ Post Reply | Private Reply | To 26 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-80 ... 281-283 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson