$12 Gas and Rationing? Possible, Says Expert

[w¡n9Nµ7 §£@¥€r 123]

Think $4 a gallon gas is already too much? Then brace yourself, says one expert.

"The prices that we're paying at the pump today are, I think, going to be 'the good old days,' because others who watch this very closely forecast that we're going to be hitting $12 and $15 a gallon, and then, after that, when world oil production goes into decline, we're going to talk about rationing," Robert Hirsch, Management Information Services Senior Energy Advisor, said on CNBC's "Squawk Box." "In other words, not only are we going to be paying high prices and have considerable economic problems, but in addition to that, we're not going to be able to get the fuel when we want it."

http://www.cnbc.com/id/24725305

[Lisax 0]

England is already paying almost $12 to the gallon, so how much higher is their bloody gas going to go up?, this is all so ridiculous. Everything is getting out of control!

Edited May 21, 2008 by Lisax

[AlHayatZween 2]

i'm going to be stuck in the inner city, dependent on MTA and my bicycle for the rest of my life.

[one...two...tree 2,762]

In the meantime, we have people squabbling over whether or not Global Warming is real. We've got real environmental issues to deal with and so much potential to use this as way to spark a technology driven economy towards alternative sources.

[w¡n9Nµ7 §£@¥€r 123]

i'm going to be stuck in the inner city, dependent on MTA and my bicycle for the rest of my life.

Speaking of mass transit, I saw the new double decker trains NJ Transit is running for the first time today on a NYC bound train at New Brunswick. Very cool.

Edited May 21, 2008 by VJ Troll

[Niels Bohr 72]

Well, technically, if people are so worried gasoline is increasing in price why aren't they conserving? For example, driving at the right speed to get the maximum gas mileage? Nooooo....Noone listens. Everyone likes to complain, "Gas is so expensive! Geezes. what's next?" I think they should ask themselves.

[one...two...tree 2,762]

Well, technically, if people are so worried gasoline is increasing in price why aren't they conserving? For example, driving at the right speed to get the maximum gas mileage? Nooooo....Noone listens. Everyone likes to complain, "Gas is so expensive! Geezes. what's next?" I think they should ask themselves.

For better or worse, we have evolved into a consumer driven economy, so conservation works against the very nature of the life force of our economy. A solution would need to include transforming our economy into one driven by other forces than consumption.

[britty 1]

Time to give up working and retire to the 'burbs with hubby, the furry children, and a little bit of land for a rescue pony. Frankly that sounds a lot better than driving around the city day after day, keeping the corporate cogs turning. Ok I'm sold !

[Carol and Bruno 0]

Think $4 a gallon gas is already too much? Then brace yourself, says one expert.

"The prices that we're paying at the pump today are, I think, going to be 'the good old days,' because others who watch this very closely forecast that we're going to be hitting $12 and $15 a gallon, and then, after that, when world oil production goes into decline, we're going to talk about rationing," Robert Hirsch, Management Information Services Senior Energy Advisor, said on CNBC's "Squawk Box." "In other words, not only are we going to be paying high prices and have considerable economic problems, but in addition to that, we're not going to be able to get the fuel when we want it."

http://www.cnbc.com/id/24725305

House Approves Suing OPEC Over Sky-High Gas Prices

http://cbs4.com/consumer/opec.organization.of.2.283997.html

Not sure where this will lead to, but it's not the first time they have tried.

[AlHayatZween 2]

i'm going to be stuck in the inner city, dependent on MTA and my bicycle for the rest of my life.

Speaking of mass transit, I saw the new double decker trains NJ Transit is running for the first time today on a NYC bound train at New Brunswick. Very cool.

Ooooooooooo! Yes, i have seen these! Very cool.

Unfortunately, i have yet to ride one though. One thing you have to admit about North Jersey and NYC... we do have good public transport.

[w¡n9Nµ7 §£@¥€r 123]

i'm going to be stuck in the inner city, dependent on MTA and my bicycle for the rest of my life.

Speaking of mass transit, I saw the new double decker trains NJ Transit is running for the first time today on a NYC bound train at New Brunswick. Very cool.

Ooooooooooo! Yes, i have seen these! Very cool.

Unfortunately, i have yet to ride one though. One thing you have to admit about North Jersey and NYC... we do have good public transport.

And it's growing... and it goes beyond North Jersey. The River Line connects Trenton to Philly now, too.

[Niels Bohr 72]

That's all Americans are good for, suiing.

I don't see other countries suiing.

[one...two...tree 2,762]

That's all Americans are good for, suiing.

I don't see other countries suiing.

Your ignorance is showing.

[panamania79 2]

That's all Americans are good for, suiing.

I don't see other countries suiing.

This is the USA,land of the lawsuit and the ambulance chaser lawyer.Didn't you know that ?

[Niels Bohr 72]

That's all Americans are good for, suiing.

I don't see other countries suiing.

This is the USA,land of the lawsuit and the ambulance chaser lawyer.Didn't you know that ?

I don't really care for how high the gas prices since I drive a hybrid. Doesn't affect me as much. It's the complaint about the prices, esp from the SUV and truck drivers. Learn to conserve for god-sakes. I did. Who else will? Consumer Panicking also leads to price increases in a mafia type market like the cartel, OPEC. ECON 101.