Why Govt Should Mandate $4 a Gallon Gas

[Scott & Lai 12]

Why are people still moving to the exurbs? That confuses the hell out of me.

Healthier, more civilized environment?

[rebeccajo 14]

Why are people still moving to the exurbs? That confuses the hell out of me.

Not this chicka. I moved my big old butt into town!

Why are people still moving to the exurbs? That confuses the hell out of me.

Healthier, more civilized environment?

Pfffffft. That's way debateable.

[w¡n9Nµ7 §£@¥€r 123]

Why are people still moving to the exurbs? That confuses the hell out of me.

Healthier, more civilized environment?

The exurbs? You can get that in the suburbs.

[mawilson 2,133]

If you factor out the speculators, the oil price is merely another expression of the weakness of the dollar:

"But the message going forward to every car buyer and carmaker would be this: The price of gasoline is never going back down."

PS - I don't need an honest politician to clue me in on that one.

But....that's not even true.

[Peikko 1,575]

It probably will not go down to levels that allow the less affluent to use cars in the way they are used to though. If they peak at what? $4.50 this summer, they will probably go back to around $3.75 over the winter.

I don't see the food prices going back down either. Transportation cost price rises are going to stay I would think.

[Scott & Lai 12]

Why are people still moving to the exurbs? That confuses the hell out of me.

Healthier, more civilized environment?

The exurbs? You can get that in the suburbs.

My idea of civilized is my closest neighbor is at least a quarter mile away. A traffic jam = I can see another car going my direction.

[w¡n9Nµ7 §£@¥€r 123]

Why are people still moving to the exurbs? That confuses the hell out of me.

Healthier, more civilized environment?

The exurbs? You can get that in the suburbs.

My idea of civilized is my closest neighbor is at least a quarter mile away. A traffic jam = I can see another car going my direction.

[rebeccajo 14]

"But the message going forward to every car buyer and carmaker would be this: The price of gasoline is never going back down."

PS - I don't need an honest politician to clue me in on that one.

But....that's not even true.

Mark -

What I mean is the cost will be kept up to the consumer even if it goes down to the producers.

[Leafgal 3]

Hmmm...

India and China are driving up our gas prices.

We have stockpiles of nukes we don't know what to do with.

i surely hope you don't advocate nuking india. what would we do without our tech support?

You are too funny Charles and oh so true.

I have to say I think it is in for sure Canada and the United States best interest to have a high oil price, so you can sure look at our gov't to do something. And consumers will stop buying gas guzzlers, but not all of them some will keep with them as a status symbol and they will not care.

Edited May 28, 2008 by Leafgal

[Ban Hammer 13,352]

Hmmm...

India and China are driving up our gas prices.

We have stockpiles of nukes we don't know what to do with.

i surely hope you don't advocate nuking india. what would we do without our tech support?

You are too funny Charles and oh so true.

I have to say I think it is in for sure Canada and the United States best interest to have a high oil price, so you can sure look at our gov't to do something. And consumers will stop buying gas guzzlers, but not all of them some will keep with them as a status symbol and they will not care.

hey i know "bob" in india that works for hughesnet would be out of a job. same for "steve" that works for microsoft.

[GaryC 7]

For starters, he or she would explain that there is no short-term fix for gasoline prices. Prices are what they are as a result of rising global oil demand from India, China and a rapidly growing Middle East on top of our own increasing consumption, a shortage of “sweet” crude that is used for the diesel fuel that Europe is highly dependent upon and our own neglect of effective energy policy for 30 years.

Nonsense. "Global oil demand from India and China" didn't double within the last year.

I have two words for you: commodity speculators.

Today’s oil price is pure speculation.

If that is true, and BTW I agree it's a big factor, does that mean we will see a bursting "bubble" some day like the housing market had?

[mawilson 2,133]

If that is true, and BTW I agree it's a big factor, does that mean we will see a bursting "bubble" some day like the housing market had?

I think so, yes - speculators can't keep commodity prices high for very long -- sooner or later

someone who has actual supply will come in and short the #### out of it.

[Dan J 277]

For starters, he or she would explain that there is no short-term fix for gasoline prices. Prices are what they are as a result of rising global oil demand from India, China and a rapidly growing Middle East on top of our own increasing consumption, a shortage of "sweet" crude that is used for the diesel fuel that Europe is highly dependent upon and our own neglect of effective energy policy for 30 years.

Nonsense. "Global oil demand from India and China" didn't double within the last year.

I have two words for you: commodity speculators.

Today's oil price is pure speculation.

If that is true, and BTW I agree it's a big factor, does that mean we will see a bursting "bubble" some day like the housing market had?

Yes, but it will only happen if either the price of oil becomes way too overvalued and demand drops significantly, or the dollar starts significantly gain against the euro. Neither of which is likely to happen in the short term.

[GaryC 7]

For starters, he or she would explain that there is no short-term fix for gasoline prices. Prices are what they are as a result of rising global oil demand from India, China and a rapidly growing Middle East on top of our own increasing consumption, a shortage of "sweet" crude that is used for the diesel fuel that Europe is highly dependent upon and our own neglect of effective energy policy for 30 years.

Nonsense. "Global oil demand from India and China" didn't double within the last year.

I have two words for you: commodity speculators.

Today's oil price is pure speculation.

If that is true, and BTW I agree it's a big factor, does that mean we will see a bursting "bubble" some day like the housing market had?

Yes, but it will only happen if either the price of oil becomes way too overvalued and demand drops significantly, or the dollar starts significantly gain against the euro. Neither of which is likely to happen in the short term.

Short term as in the next few months your right. But our economy will recover within the year and some non OPEC country will start flooding the market to make a killing I think. It's bound to happen. I don't think it will ever get back to the 1-2 dollar range again but I do think the low $2 range will come back.

[Dan J 277]

For starters, he or she would explain that there is no short-term fix for gasoline prices. Prices are what they are as a result of rising global oil demand from India, China and a rapidly growing Middle East on top of our own increasing consumption, a shortage of "sweet" crude that is used for the diesel fuel that Europe is highly dependent upon and our own neglect of effective energy policy for 30 years.

Nonsense. "Global oil demand from India and China" didn't double within the last year.

I have two words for you: commodity speculators.

Today's oil price is pure speculation.

If that is true, and BTW I agree it's a big factor, does that mean we will see a bursting "bubble" some day like the housing market had?

Yes, but it will only happen if either the price of oil becomes way too overvalued and demand drops significantly, or the dollar starts significantly gain against the euro. Neither of which is likely to happen in the short term.

Short term as in the next few months your right. But our economy will recover within the year and some non OPEC country will start flooding the market to make a killing I think. It's bound to happen. I don't think it will ever get back to the 1-2 dollar range again but I do think the low $2 range will come back.

A strong economy does not necessarily mean a strong dollar. There are other factors that contribute to the value of the dollar.