Gulf Oil CEO says gas could hit $1 next year

August · 12-07-08, 08:47 PM

Quote:

Originally Posted by subchaser12

Not for long.

Any increase in the bottom line, which taxes are a part of, is passed onto the consumer in the form of higher prices at the pump. There is no avoiding it.

subchaser12 · 12-07-08, 08:54 PM

Quote:

Originally Posted by August

Quote:

Originally Posted by subchaser12

Not for long.

Any increase in the bottom line, which taxes are a part of, is passed onto the consumer in the form of higher prices at the pump. There is no avoiding it.

Obama isn't going to let corporate America dump all over us like Bush. Under Bush I paid 60$ to fill my tank on a car. Now I pay 27$ and Obama isn't even farting in the oval office yet.

I'm glad you enjoyed paying double at the pumps, I sure didn't.

August · 12-07-08, 09:04 PM

Quote:

Originally Posted by subchaser12

Obama isn't going to let corporate America dump all over us like Bush. Under Bush I paid 60$ to fill my tank on a car. Now I pay 27$ and Obama isn't even farting in the oval office yet.

I'm glad you enjoyed paying double at the pumps, I sure didn't.

You might as well credit Obama with making the sun rise in the morning and be just as accurate in your assessment of the situation.

1. Gas prices are down now because demand is down.
2. Demand is down because the economy is down.

Simple economics.

Trying to blame your troubles on the Corporate boogy man (who probably provided the majority of the stuff around you at the moment) is to ignore reality.

subchaser12 · 12-07-08, 09:08 PM

Quote:

Originally Posted by August

Trying to blame your troubles on the Corporate boogy man (who probably provided the majority of the stuff around you at the moment) is to ignore reality.

So in other words "pay no attention to the man behind the curtain".

August · 12-07-08, 09:09 PM

Quote:

Originally Posted by subchaser12

Quote:

Originally Posted by August

Trying to blame your troubles on the Corporate boogy man (who probably provided the majority of the stuff around you at the moment) is to ignore reality.

So in other words "pay no attention to the man behind the curtain".

Frame57 · 12-07-08, 10:53 PM

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.

XabbaRus · 12-08-08, 08:52 AM

As you guys are saying how great it will be to have petrol at a $1 a gallon, even when oil prices were at there peak the price of petrol in the US was still half of that in the UK.

I would like you to also think about how if oil drops further then oil workers will be laid off. Wells mothballed, exploration dropped until it is worth it. The result being when the economy does pickup and demand starts to increase the price will shoot back up. Oil needs to be a certain amount for the companies to find it profitable to drill new wells.

I could happily live with $80 a barrel which I think is the true price as that allows it to be high enough for companies to go look for new wells and low enough that it doesn't sting too much.

The thing is governments and oil companies need to work together to take a look at this or we are going to get massive peaks and troughs instead of an evening out of the price.

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.

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

12-08-08, 08:52 AM	#7
XabbaRus Navy Seal Join Date: Sep 2001 Posts: 5,330 Downloads: 5 Uploads: 0	As you guys are saying how great it will be to have petrol at a $1 a gallon, even when oil prices were at there peak the price of petrol in the US was still half of that in the UK. I would like you to also think about how if oil drops further then oil workers will be laid off. Wells mothballed, exploration dropped until it is worth it. The result being when the economy does pickup and demand starts to increase the price will shoot back up. Oil needs to be a certain amount for the companies to find it profitable to drill new wells. I could happily live with $80 a barrel which I think is the true price as that allows it to be high enough for companies to go look for new wells and low enough that it doesn't sting too much. The thing is governments and oil companies need to work together to take a look at this or we are going to get massive peaks and troughs instead of an evening out of the price. __________________

12-08-08, 08:53 AM	#8
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.

12-07-08, 10:53 PM	#6
Frame57 Sea Lord Join Date: May 2008 Location: 1300 feet on the crapper Posts: 1,860 Downloads: 2 Uploads: 0	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.