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Automotive News & Views How does gas at $4 and higher impact you?
2183 messages, Last post on Nov 21, 2009 at 5:13 PM
You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires
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Replying to: steve_ (Nov 02, 2008 8:08 am) The president of Chevron said the same thing. I hope you're both wrong.
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Replying to: oldfarmer50 (Nov 02, 2008 4:34 pm) The president of Chevron said the same thing. I hope you're both wrong. Well e all can hope. 
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Replying to: boaz47 (Nov 02, 2008 8:11 pm)  But I'm still shopping for a higher mpg car than either of the two we have now.... |
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Replying to: steve_ (Nov 02, 2008 8:08 am) " don't see gas pushing $4 a gallon in the next couple of years absent double doses of hurricanes in the refinery zones or other catastrophic events. But I could sure see it settling in at closer to $3 a gallon instead of $2. Anyone got a better crystal ball?" No crystal ball but some insight. Unusually cold winter so lows to be made in 1st quarter '09. Mid to high 40's my guess but it won't stay there. $4.00 gas 27-32 months. That is if we do nothing with the speculators. If by chance we do, much much longer. The fundamental out look is really unchanged, but demand really sucks. jmho.
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Replying to: duke23 (Nov 02, 2008 10:03 pm) So the next time they want to make some profits at everyone else's expense, we will all just have to suck it up and pay those spikey prices for a few months again. And next time I suppose it will be closer to $5 than $4. 
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Replying to: nippononly (Nov 02, 2008 10:39 pm) So if people bidding around the world for the oil being produced doesn't work, what's the alternative? The U.S. government can't set the price. It wouldn't work too well if we demanded $70/barrel oil while the rest of the world was willing to pay $100/barrel. I think this is one of the reasons why financial advisors tell you to keep several months of cash, and don't lead a lifestyle on the financial edge. How many people do you know that supposedly have trouble paying for gas, yet have money for cellphones, $100/month cable-internet bills, go to movies and eat out?
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Replying to: kernick (Nov 03, 2008 7:55 am) Oil is a unique case, one in which there should be no commodities trading, no bidding for contracts. In fact, most energy trading should be the same way. Energy may seem like a market commodity, but in its many forms it is more a necessity of the American lifestyle than it is an option. Imagine the uproar there would be if there was commodity trading and speculation for water.
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Replying to: nippononly (Nov 03, 2008 8:10 am) Hmmm, this link says that the World Trade Organization (WTO) and North American Free Trade Agreement (NAFTA) consider water a trade commodity. Careful what you wish for eh? My subdivision is trying to buy water and get off our wells, and we'll buy it from the French if we have to (United Water is an option here). Oil is down a bit this morning and predictions are that it will go down some more due to the weak global economy. OPEC is trying to cut production, but as usual, not all member countries are following along with the cuts.
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Replying to: steve_ (Nov 03, 2008 8:32 am) Where do you live steve, Spain? 
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Replying to: oldfarmer50 (Nov 03, 2008 8:55 am) "Suez has 125 million customers in 40 countries with subsidiaries such as Ondeo and United Water. Their 2002 revenue was €6.4 billion which makes it the largest water corporation in the world." Public Citizen Well water in my neighborhood is marginal and often rusty. So we'll take French water if we can get it, and we'll burn diesel from OPEC if that's what it takes to run the lift station to pump it up the hill. Although if my well dies, I may look into a water catchment system like my friends in Taos have. |
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