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Automotive News & Views Are gas prices fueling your pain? 
10042 messages, Last post on Jul 12, 2008 at 3:07 PM
You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires
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Replying to: stevedebi (Apr 23, 2008 11:37 am) I agree. I was not stating that where I live applies everywhere else in the U.S. I was simply refuting our Hostess, who made the blanket-statement that 10-hr days required OT to be paid. It seems the federal law allows 10-hr days, but individual states may limit the work-day to less hours. But probably states could not go the other way and allow work-days longer than the Feds.
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Replying to: kernick (Apr 23, 2008 1:13 pm) Lemko, big ag is heading for skyscraper production. Saves on gas that way. Meanwhile some of those suburbanites are digging up their yards and some are grossing over $10k annually on 1/8th of an acre selling lettuce and tomatoes to local stores and restaurants. (Suburban farming growing in popularity - Rocky Mtn News)
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Replying to: steve_ (Apr 23, 2008 1:39 pm)
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Replying to: imidazol97 (Apr 23, 2008 2:49 pm) Fueled with biodiesel. 
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Replying to: fezo (Apr 23, 2008 5:31 am) As far as I know no lender put a gun to anyone head and said "sign or else". People took on more than they could afford and the reality of the situation is that they are the only ones to blame. If it were really unethical lending practices then you would have a lot more foreclosures, currently it is way, way under 1% of all homes. |
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Replying to: texases (Apr 22, 2008 7:45 pm) As long as they keep the price low over there, they will get stronger and stronger, and the US well...unless something is done real quick, say byebye to your prosperous lifestyle unless you are very rich of course. Countries like China and India will surpass us. The world will surpass us including Canada which is doing better than the US for the first time in history. And if McCain is elected which is very likely, there will be war for the next 100 years as promised, that will set the US back for a century kowtowing to all other countries for financial backing to pay its debts. If the world switches to the Euro instead of the US dollar and calls in its debts, the US will be in real trouble and I don't want to see that happen, lets head it off at the pass and do something about it now. This is not about oil, its about political survival.
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Looks like $3.50 a gallon is working. The article says: "But now it looks as if some sort of psychological threshold has been breached." I also think people are running out of easy credit. The pain at the pump is finally reaching critical mass. http://www.businessweek.com/magazine/content/08_18/b4082000518114.htm?chan=rss_t- opStories_ssi_5 Other news, Mexico produced less oil but imported more gasoline. If you add the decrease in production of 7.8% to the 6.5% increase in gasoline they imported you get a lot less gasoline available in the U.S. http://www.ogj.com/display_article/326535/7/ONART/none/GenIn/1/Mexico-imports-mo- re-gasoline-as-oil-production-drops/ "Saudi Arabia's King Abdullah said he had ordered some new oil discoveries left untapped to preserve oil wealth in the world's top exporter for future generations…" http://www.evworld.com/article.cfm?storyid=1436 Since both Mexico and KSA supply the U.S. with a lot of oil we can expect high prices to stay. I just checked my local Toyota dealer. They have 2 Corollas, 2 Yaris Sedans, 19 Tundras and 12 Sequoias in stock! There must have been a good deal from the factory on Tundras and Sequoias. I am sure it has nothing to do with the price of gasoline. 
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Replying to: avalon02wh (Apr 23, 2008 5:36 pm) Time to buy that big rig you always wanted I can tell you the 5 MPG gain in this Equinox we have rented is not worth giving up the luxury and security of the Sequoia. With a little prodding maybe Toyota will bring the Land Cruiser diesel over for US to have a decent sized SUV that gets good mileage.
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Replying to: texases (Apr 23, 2008 10:09 am) It could also be the oil companies are waiting for Congress to get their heads out of you know where and open ANWR for leases. That would make extending the pipeline practical. Right now the thrust is in the NPR that Bush opened when they slammed the door on ANWR. Pt Thompson is rather small in comparison. They had big hopes for Badami and it is a so so field that is closest to Pt Thompson. The field is going crazy with work out in the western region. I don't think you will ever see the 2 million barrels a day from the 1980s and early 1990s. That pipeline has already past its life expectancy and is lucky to pass a million barrels a day. At least two pump stations are gone, removed. All the talk about Exxon making big profits is not a reflection of gas refining. That is probably operated at a loss. They do still have some sizable leases that are real money makers at $120 per barrel. They were happy when oil was $30 per barrel. The only way to drop the price of oil being imported is to colonize those countries and Nationalize the oil production. I would start with Mexico and Canada and let Venezuela and Saudi Arabia know they are next. Of course we do not have the will to do that so get used to being held hostage to our neighbors and enemies. And the gamblers on the commodity exchange. |
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Replying to: gagrice (Apr 23, 2008 9:11 pm) Yes, except the prices go from $38K to $50K. There are a lot of great vehicles in the $20K to $25K range. We are happy with the two vehicles we have now ($25-26K each). They both provide all the luxury and security we want. 
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