Gulf Oil CEO says gas could hit $1 next year

Hylander_1314 · 12-07-08, 02:23 PM

It has to. They've raped the general public of everything with these high prices, and there's nothing left to take.

PeriscopeDepth · 12-07-08, 03:25 PM

It's not great news. It's reflective of how poor the economy is expected to be.

PD

bookworm_020 · 12-07-08, 05:04 PM

I think that there will be a slump in prices in the near to mid future as the world economy slows and people reduce costs. The fact that there has been a move to more fuel efficient cars and everyone driving less will mean that demand will keep falling untill the world economy starts to pick up.

Kapt Z · 12-07-08, 07:37 PM

Quote:

Originally Posted by bookworm_020

I think that there will be a slump in prices in the near to mid future as the world economy slows and people reduce costs. The fact that there has been a move to more fuel efficient cars and everyone driving less will mean that demand will keep falling untill the world economy starts to pick up.

Agreed. The bonus will be less financial power to the big oil producing guys-Russia, Iran etc.

subchaser12 · 12-07-08, 07:42 PM

I think it's funny how big oil stopped raping us only after it was clear Obama was going to win and he was talking about "windfall taxes" for big oil.

August · 12-07-08, 08:26 PM

Quote:

Originally Posted by subchaser12

I think it's funny how big oil stopped raping us only after it was clear Obama was going to win and he was talking about "windfall taxes" for big oil.

You do realize that any such scheme would just be passed on to the consumer right?

subchaser12 · 12-07-08, 08:44 PM

Quote:

Originally Posted by August

Quote:

Originally Posted by subchaser12

I think it's funny how big oil stopped raping us only after it was clear Obama was going to win and he was talking about "windfall taxes" for big oil.

You do realize that any such scheme would just be passed on to the consumer right?

Not for long. The bottom line is the government still holds all the cards in this country. They obviously didn't want to test Obama. They will have to be careful now that Bush made America a socialist state.

12-07-08, 02:23 PM	#1
Hylander_1314 Sea Lord Join Date: May 2006 Location: 5 Miles Inland West Of Lake Huron Posts: 1,936 Downloads: 139 Uploads: 0	It has to. They've raped the general public of everything with these high prices, and there's nothing left to take. __________________ A legislative act contrary to the Constitution is not law. -John Marshall Chief Justice of the Supreme Court ---------------------

12-07-08, 05:04 PM	#3
bookworm_020 Navy Seal Join Date: Aug 2005 Location: Sinking ships off the Australian coast Posts: 5,966 Downloads: 1 Uploads: 0	I think that there will be a slump in prices in the near to mid future as the world economy slows and people reduce costs. The fact that there has been a move to more fuel efficient cars and everyone driving less will mean that demand will keep falling untill the world economy starts to pick up. __________________ "There is always one person in any organization who knows whats going on, That person must be fired" Last edited by bookworm_020; 12-07-08 at 05:05 PM.

12-07-08, 03:25 PM	#2
PeriscopeDepth Sea Lord Join Date: Jul 2002 Location: Pacific NW Posts: 1,894 Downloads: 6 Uploads: 0	It's not great news. It's reflective of how poor the economy is expected to be. PD

12-07-08, 07:42 PM	#5
subchaser12 Sonar Guy Join Date: Oct 2008 Location: Spam, duplicate accounts, provoking moderators. Posts: 377 Downloads: 0 Uploads: 0	I think it's funny how big oil stopped raping us only after it was clear Obama was going to win and he was talking about "windfall taxes" for big oil.