Posted on 06/26/2005 2:38:47 PM PDT by M. Espinola
indeed, you don't do enough city driving it would appear to make the Prius worth it for you - you won't be using the battery that much. you will do just as well with an efficient 4 cyl, perhaps a TDI.
"I control my destiny, no some silly group of rich bankers"
Well, I'll have to say, that if more people felt that way we wouldn't have near the trouble in the world that we do especially with the arrogant dipsh*ts in government.
As a percentage of the economy, total spending on petroleum today is less than half of what it was 30 years ago.
Well met, jec41. I see we have similar views on oil.
Everyone has an opinion. You can register yours in the oil futures market.
The fed is going to raise interest rates this week 25 basis points, this should put some downward pressure on the price.
Please explain how the rising cost of money will cause falling oil prices.
My guess by the end of July oil should be around $48.50 to $49.99/brl.
July futures contracts are open for trading.
I forsee $100+ per barrel of oil in the not-too-distant future.
I forsee gas at $10 or more per gallon within a decade, certainly not much further beyond that.
I forsee the yearly cost of heating an average sized home in the colder states to zoom to $10,000-15,000 or more in that time as well (probably including my own).
I may not live to see it, but the younger readers of this forum might witness the "end of the petroleum era"... or at least the beginnings of that end.
The airlines can deal with the threat of terrorism. What they won't be able to escape is the cost of filling the hungry tanks of their planes at $10 a gallon. Could we see, in not too many years, the near-total economic crash of commercial aviation?
Fuel could someday become so expensive that it will become economically impossible to commute by car over longer distances for persons of normal means. What will happen to the outlying bedroom communities then?
The trucking industry, running close to the bone _now_, would wither and die.
The railroads, however, might rise again. Without diesel fuel, you can run trains on electricity, or even go back to coal-fired steam locomotives for lack of anything else.
Interesting times ahead....
Just musing....
- John
That statement proves the next one to be true.
I know nothing of futures and very little of investing,
that stat means nothing, because the economic spending patterns have shifted to accomodate for that. do you want everyone to just hunker down and spend all their disposable income on energy? that will wipe out the parts of the economy that rely on disposable income being spent on other things, especially discretionary services, retail spending, leisure, etc. that's the bulk of the US economy now.
Plastics, fertilizers, chemicals are oil based...a barrel of oil makes more products than just gasoline...
Any attempt to manipulate the price of a commodity is futile.
Turn it in for what? How would a "default" on the US dollar work?
that is true only when the players in the market space are actually buyers who want to take the delivery of the product for consumption, and sellers who have supplies they want to sell.
breaking a speculative bubble is a different story.
It is the same as any other purchase, it is back into the economy, not out.
Since oil contracts are settled in dollars, the more valuable the dollar the greater the purchasing power.
Democrats like the idea of government intervention in private business.
Maybe F/x should make a teledrama out of that.
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