It’s Time To Start Freaking Out About Oil Prices

[ruger17hmr]

It’s Time To Start Freaking Out About Oil Prices


Anyone would like to guess where the the price of oil will be if the world economy starts to heat up?

It is presently at $100 with the economy about to contract.


It

 

[INMIline]

Don't worry too much. We're 10 years from 50% of the cars on the road being electric

 

[ruger17hmr]

Don't worry too much. We're 10 years from 50% of the cars on the road being electric

You are a ray of Hope! How confident are you about that?

It is a good news for sure. If it actually materialize......

 

[Bond 281]

Don't worry too much. We're 10 years from 50% of the cars on the road being electric

Supposed to be in purple?

 

[level.eleven]

The price we pay at the pump is largely outside of a voters area of influence. "Freaking" about gas prices is like getting upset that the sun went down too early.

 

[sepe]

The price we pay at the pump is largely outside of a voters area of influence. "Freaking" about gas prices is like getting upset that the sun went down too early.

You have NO idea how much that gets me freaking out. FREAKING sunset was suppose to be 5:20 and it was down by 5:19!!! Rage hit 11!!!

 

[Wwwildthing]

Electric cars are a fantasy... we have alot of untapped oil reserves here in America yet, when those run low, we'll move to natural gas-power vehicles, and hydrogen after that.

Chevy only built the Volt, so they could get a govt loan.
Toyota and Nissan are selling 'electric toys' that make them look like they're trying.
Honda produces a natural gas powered Civic at the Greensburg plant. They also have a hydrogen version, that was on Top Gear.
Ford has hydrogen prototypes... there was one featured in the last James Bond movie.
Chrysler has some catch-up to do. If they didn't change owners on a regular basis, they might get somewhere with it.

The price of a barrel of oil will always fluctuate, the price at the pump will always reflect that. Why? Because oil and natural gas are what power the world's economy. Cheap gasoline is a thing of the past.

$5.00 will be the new $3.00

 

[RockofStrength]

So long as I have my towel, I never panic

 

[Bummer]

US oil isn't cost effective to pull out of the ground unless gas is running above $3 a gallon. $4 would be better.

Plus, as the price of oil goes up the cost to ship stuff half way around the world goes up. As shipping goes up, prices go up. As prices go up, the profitability of US made stuff goes up.

Now consider that the price of an item is, in large part, a reflection of the value of a dollar. Should anyone be surprised that as the Fed prints more and more dollars to hide the Nation's bankruptcy, the value of dollars goes down?

Sucks, but there it is.

 

[indykid]

Don't worry too much. We're 10 years from 50% of the cars on the road being electric

Somehow I can't see the day when an electric car can allow me to drive to Chicago, drop off something for my daughter at school there, and then turn around and drive home later that day, and still have enough left to run errands before parking it for the night.

Or the range like my Accord had, that allowed me to drive non-stop from my house just north of Carmel to an ice skating rink just south of Birmingham Alabama.

As for oil, I was around during the Richard Nixon manufactured oil crisis, and the oil companies said that at $6 a barrel there was no way they could afford to drill for oil domestically. Well now that it is $100 a barrel, what is the excuse??? Oh yeah, government regulations banning drilling known reserves, and placing enough restrictions on drilling in approved areas that even at $100 a barrel we are not able to get our own oil.

Between the US/Canadian/ Mexican alliance, we could tell the Arabs to take their oil and shove it, but the only thing standing in the way is our own bloated government.

 

[supermahns]

Last night I watched Sean Hanity interview Donald Trump, and surprisingly Trump offered some good suggestions to the economy and ways things should have been handled in a business aspect. I liked that he mentioned how everybody thought we were invading Iraq for the oil reserves it has, but in fact we have not retreaved any oil from the country even though we should have since we had one the war and considering "spoils of war" we had the rights to all of there oil and still do. Now America helped out Libya rebels defeat their ruthless dictator and we spend millions if not billions doing so. Trumps idea was to make a negotiation with that rebels that if America did step in and help then we would have the rights to 50% of their oil. Since America is a capitalist country I feel that running it as a business is the correct thing to do.

 

[mrjarrell]

Don't worry too much. We're 10 years from 50% of the cars on the road being electric

Feh. Electric is a passing fad. The real car of the future, (if the greenies are serious) will be hydrogen. Runs clean, gets good mileage and doesn't have to have it's power source replaced after a few years.

 

[Bummer]

Last night I watched Sean Hanity interview Donald Trump, and surprisingly Trump offered some good suggestions to the economy and ways things should have been handled in a business aspect. I liked that he mentioned how everybody thought we were invading Iraq for the oil reserves it has, but in fact we have not retreaved any oil from the country even though we should have since we had one the war and considering "spoils of war" we had the rights to all of there oil and still do. Now America helped out Libya rebels defeat their ruthless dictator and we spend millions if not billions doing so. Trumps idea was to make a negotiation with that rebels that if America did step in and help then we would have the rights to 50% of their oil. Since America is a capitalist country I feel that running it as a business is the correct thing to do.

Spoils of war argument only counts if it's a war of conquest. If it's a war rationalized to help the people and find mythical weapons of mass destruction that argument comes off as hollow to anyone without a vested interest. Not a real surprise that Trump doesn't understand that. He runs casinos that go bankrupt. Repeatedly. He keeps his money separated from the business' money, otherwise he'd be way past broke. Nice hair, though.

Where did you get the idea that we spent a lot of money. I'm under the impression (perhaps incorrectly) that all we did was share intel with them.

I do not agree that as a "capitalist country" the government should be run like a business. It's the government, not a business. Seems to me we should want the government to do little, break even, and stay out of the way.

 

[supermahns]

Spoils of war still counts. A war is a war. We still had a right to take the oil.

We sent tons of air support for Libya rebels costing plenty of money we do not have.

And for your comment about breaking even.....well we need to get to even first. We have a long wayyyy before we can be close to comming out of debt. And if we took the oil. the gas prices would drop drastically and everybody would be happy. Trump even stated that every soldier that was injured in the war should get $5 million. But other than that i agree with you about the government should interfere as least as possible with the citizens

 

[wrigleycub]

US oil isn't cost effective to pull out of the ground unless gas is running above $3 a gallon. $4 would be better.

Plus, as the price of oil goes up the cost to ship stuff half way around the world goes up. As shipping goes up, prices go up. As prices go up, the profitability of US made stuff goes up.

Now consider that the price of an item is, in large part, a reflection of the value of a dollar. Should anyone be surprised that as the Fed prints more and more dollars to hide the Nation's bankruptcy, the value of dollars goes down?

Sucks, but there it is.

^^^^^^^^And eventually the middle east will decide their oil can't be paid for with U.S. dollars. All He&^ will break loose!

 

[Bowman78]

mrjarrell

hydrogen, seriously? How is it a good idea?.. Do you even know how a serious quantity of hydrogen is obtained.?. Or was your post supposed to be purple?..... Hydrogen is a dream as well........

 

[Bummer]

Spoils of war still counts. A war is a war. We still had a right to take the oil.

Sorry. I must strongly disagree. I'll stick with my original statement. What you're saying is only true if it's a war of conquest. That was not how Cowboy Dubbya sold the Iraq war. In fact he did a lot of talking trying to make sure that's not how it was viewed.

We sent tons of air support for Libya rebels costing plenty of money we do not have.

Thanks for pointing me in that direction. It would appear we spent at least a billion dollars on the Libyan rebellion. Kind of a shame we had to borrow it from the Chinese.

And for your comment about breaking even.....well we need to get to even first. We have a long wayyyy before we can be close to comming out of debt.

No argument, but not the point.

And if we took the oil. the gas prices would drop drastically and everybody would be happy.

If we stole, er, took the oil, gas prices would probably drop, but that wouldn't make everybody happy. It would be a serious setback for our domestic oil industry, which relies upon $3+ a gallon gas.

Trump even stated that every soldier that was injured in the war should get $5 million.

Interesting goal. Warm. Fuzzy. Kind of changes the nature of our military. Mercs for hire?

But other than that i agree with you about the government should interfere as least as possible with the citizens

I'm always happy to find something to agree upon. (No purple intended.)

 

[level.eleven]

hydrogen, seriously? How is it a good idea?.. Do you even know how a serious quantity of hydrogen is obtained.?. Or was your post supposed to be purple?..... Hydrogen is a dream as well........

Does this count?

Toyota FCHV - Wikipedia, the free encyclopedia

 

[jeremy]

US oil isn't cost effective to pull out of the ground unless gas is running above $3 a gallon. $4 would be better.

Plus, as the price of oil goes up the cost to ship stuff half way around the world goes up. As shipping goes up, prices go up. As prices go up, the profitability of US made stuff goes up.

Now consider that the price of an item is, in large part, a reflection of the value of a dollar. Should anyone be surprised that as the Fed prints more and more dollars to hide the Nation's bankruptcy, the value of dollars goes down?

Sucks, but there it is.

Huh... I was not aware that we made anything for export, other than Soldiers...

 

[jeremy]

Feh. Electric is a passing fad. The real car of the future, (if the greenies are serious) will be hydrogen. Runs clean, gets good mileage and doesn't have to have it's power source replaced after a few years.

And for those of us that require Vehicles with Hp and Torque how is Hydrogen a viable option?!