Gulf Oil CEO says gas could hit $1 next year - Page 2

Hylander_1314 · 12-08-08, 08:53 AM

How about a 72 - 73 Skylark? Better yet, 66 GTO.

Btw, FDR is the one who got us going down the path to socialism, and every president after him has nudged us all a little further down the path. I find it hard to believe that people think all the problems came from the last administration or the one prior to it. It's been going on for close 70 years now.

Frame57 · 12-08-08, 11:15 AM

Quote:

Originally Posted by Hylander_1314

How about a 72 - 73 Skylark? Better yet, 66 GTO.

Btw, FDR is the one who got us going down the path to socialism, and every president after him has nudged us all a little further down the path. I find it hard to believe that people think all the problems came from the last administration or the one prior to it. It's been going on for close 70 years now.

Probably go with an Olds product, maybe a 442 if I can find one...

MothBalls · 12-08-08, 03:55 PM

Quote:

Originally Posted by Frame57

I knew there was a reason I did not get rid of my 650hp 455 engine. Now I just gotta find a vehicle to go along with it.

You could make it into a chainsaw.

http://www.liveleak.com/view?i=58d_1203555378

sunvalleyslim · 12-08-08, 07:25 PM

Dollar a Gallon will never happen. they'll just shut down production to keep the prices up..........

Frame57 · 12-09-08, 12:51 PM

Quote:

Originally Posted by MothBalls

Quote:

Originally Posted by Frame57

I knew there was a reason I did not get rid of my 650hp 455 engine. Now I just gotta find a vehicle to go along with it.

You could make it into a chainsaw.

http://www.liveleak.com/view?i=58d_1203555378

Yes! Now if I were as big as Paul Bunyan I would consider that...:hmm:

tater · 12-09-08, 01:27 PM

Price drop is baking in predictions about the near future demand (poor economy). It is also due to the rising value of the dollar. The low dollar was most of the raise we saw before anyway. The US is in a period of disinflation right now, and if the current quarterly numbers keep going, we'll be in full-blown deflation (only difference is time frame, deflation is annual rate negative, vs quarters, months, etc). Add to it that $4 seems to be a magic number, below that they cannot keep guzzlers on the lot, above that, they can't keep hybrids on the lot. Supply and demand.

There is no such thing as a "windfall profit." The notion of the oil companies "raping" us is absurd. They had record DOLLAR profits, but they only cleared around 8% profit. Any rule claiming "excessive" profits should be taxed needs to set up an algorithm that applies to ALL financial transactions. Sell your house for more than 8% return, and BAM, "windfall profit" tax for you!

How many will cry if the oil companies go back to their more historically normal rates of return? Maybe we can bail them out then.

SteamWake · 12-09-08, 01:30 PM

Deflation

http://en.wikipedia.org/wiki/Deflation_(economics))

Note the reference to the depression.

Zachstar · 12-10-08, 10:29 PM

Quote:

Originally Posted by sunvalleyslim

Dollar a Gallon will never happen. they'll just shut down production to keep the prices up..........

This is the big point right here.

Opec is stunned right now. They were on the top of the world with the little bit of oil they have left. Fear mongering let the price climb and climb.

Once bills flow in for the cars made out of silver and palace fixing they will meet and violently reduce production saying they want to conserve this resource.

They will never let gas go back under a dollar.

12-08-08, 08:53 AM	#16
Hylander_1314 Sea Lord Join Date: May 2006 Location: 5 Miles Inland West Of Lake Huron Posts: 1,936 Downloads: 139 Uploads: 0	How about a 72 - 73 Skylark? Better yet, 66 GTO. Btw, FDR is the one who got us going down the path to socialism, and every president after him has nudged us all a little further down the path. I find it hard to believe that people think all the problems came from the last administration or the one prior to it. It's been going on for close 70 years now. __________________ A legislative act contrary to the Constitution is not law. -John Marshall Chief Justice of the Supreme Court --------------------- Last edited by Hylander_1314; 12-08-08 at 08:56 AM.

12-08-08, 07:25 PM	#19
sunvalleyslim Ace of the Deep Join Date: Oct 2006 Location: Los Angeles, Ca Posts: 1,142 Downloads: 267 Uploads: 0	Dollar a Gallon will never happen. they'll just shut down production to keep the prices up.......... __________________ Crew member/ decommission member TM2(SS)(SD) 3/68-7/70 DIESEL BOATS FOREVER USS SEGUNDO (SS398)

12-09-08, 01:30 PM	#22
SteamWake Rear Admiral Join Date: Mar 2005 Posts: 13,224 Downloads: 5 Uploads: 0	Deflation http://en.wikipedia.org/wiki/Deflation_(economics)) Note the reference to the depression. Last edited by SteamWake; 12-09-08 at 01:32 PM.

12-09-08, 01:27 PM	#21
tater Navy Seal Join Date: Mar 2007 Location: New Mexico, USA Posts: 9,023 Downloads: 8 Uploads: 2	Price drop is baking in predictions about the near future demand (poor economy). It is also due to the rising value of the dollar. The low dollar was most of the raise we saw before anyway. The US is in a period of disinflation right now, and if the current quarterly numbers keep going, we'll be in full-blown deflation (only difference is time frame, deflation is annual rate negative, vs quarters, months, etc). Add to it that $4 seems to be a magic number, below that they cannot keep guzzlers on the lot, above that, they can't keep hybrids on the lot. Supply and demand. There is no such thing as a "windfall profit." The notion of the oil companies "raping" us is absurd. They had record DOLLAR profits, but they only cleared around 8% profit. Any rule claiming "excessive" profits should be taxed needs to set up an algorithm that applies to ALL financial transactions. Sell your house for more than 8% return, and BAM, "windfall profit" tax for you! How many will cry if the oil companies go back to their more historically normal rates of return? Maybe we can bail them out then.