Flying Illini said:It's funny, I was reading a fiction book the other day, and in it, they were talking about the oil companies and their drive to control the US government and the population. Anyway, these people trying to stop the oil companies were talking about how bad it would be if oil hit $60 a barrel and how disastrous, economically, it would be if oil his $80 a barrel.
Well, we should get a front row seat in the next few months!
I agree 150%! My truck (diesel) will run just fine on bio-diesel, but do you think that I could get any break on the price (hell no).Flying Illini said:NO congressional actions will be taken because both parties are in the oil companies pockets. No question that they have some serious lobbying power in D.C.
Flying Illini said:NO congressional actions will be taken because both parties are in the oil companies pockets. No question that they have some serious lobbying power in D.C.
wrxpilot said:While hardly a scientific sampling of the US economy, I have personally noticed many goods becoming more expensive. Things such as groceries. If inflation starts to become a problem, and the housing market is at a peak, then it could get a little interesting. I like to think we are not going to see a hard recession as a result, but if things can continue as they are we will certainly see a dip in the economy.
Oil companies are reaping record profits right now, which is interesting.
jetflyer said:T. Boone Pickens was on CNBC today saying that he saw $75/bbl soon. After today's $65/bbl, that's not that shocking...but since he's been right so much of late, it's an important note.
$75.00/bbl would mean about $3.00/gallon gasoline. Fun times are coming. Dang I miss $0.85/gallon gasoline in 1998. Oh the good 'ole days.
How high are oil prices going to have to go before we start seeing alternatives make a difference? $10.00/gallon??
NuGuy said:Well, when the market goes bust and the real estate market collapses, the nit-wits with interest only/negative amortization loans who have been making my property tax skyrocket will be SOL.
Bryan D said:High oil prices are Bushies present to his fellow oil men back home. A news report recently stated that high oil prices are a result of a lack of refineries here in the US. Seems strange that we had enough refineries until all of the sudden...boom there it is.
Perfect! The other day I was discussing my 14" barreled Remington 1100 project and my dad asked me, "What the hell do you need a sawed off shotgun for?"jetflyer said:This sux! Who should we get mad at? I feel like rioting
414Flyer said:So how did Bush go back in time and convince the Indians and Chinese to have a lot of people and convince them to start buying cars so that they would use up the slack in the petroleum production capacity? India and China are using lots more fuel than 5 years ago
Some of you can find any reason to blame Bush. Its our own fault we are so dependent on oil.