iChase Posted June 6, 2008 Posted June 6, 2008 Eight Reasons You'll Rejoice When We Hit $8 gallon gasoline: http://www.marketwatch.com/news/story/eigh...dist=TNMostRead And yes, I think he's nuts... Actually, I agree with several points made. Especially this one: 1. RIP for the internal-combustion engine They may contain computer chips, but the power source for today's cars is little different than that which drove the first Model T 100 years ago. That we're still harnessed to this antiquated technology is testament to Big Oil's influence in Washington and success in squelching advances in fuel efficiency and alternative energy. Given our achievement in getting a giant mainframe's computing power into a handheld device in just a few decades, we should be able to do likewise with these dirty, little rolling power plants that served us well but are overdue for the scrap heap of history. It is time for the internal combustion engine to die. Hydrogen is the most abundant element in the universe. Why can't we harness that? Without delving into politics too much, I think it's for the reason mentioned in that quote. Think about it, what is the reason for not having a hydrogen fueled car in mass production yet? It produces water as its only waste, it's highly efficient, and it's abundant. I really think we're too clouded by politics to see what is truly best for the economy and the environment. Anyone ever watched Futurecar on Discovery? It's inspiring. We need to forget about oil all together. Oil isn't our concern any more, we aren't going to be able to do anything about its rising costs. We need to abandon it, and we should have abandoned it five years ago. Oil supports technological stagnancy. Quote
The Interpreter Posted June 6, 2008 Posted June 6, 2008 Up a record US$10.75 barrel in one day to a record US$138.75: http://www.tmcnet.com/usubmit/2008/06/06/3485949.htm http://mobile.washingtonpost.com/detail.js...p;p=1&all=1 Quote
The Interpreter Posted June 7, 2008 Posted June 7, 2008 Is $5 gas on way? http://www.nydailynews.com/money/2008/06/0...f_laughs-1.html Quote
The Interpreter Posted June 8, 2008 Posted June 8, 2008 I guess it is time to change the title of this thread. Now, according to AAA, the national average retail price of one gallon of self serve unleaded in the United States is $4, a new record. http://money.cnn.com/2008/06/08/news/econo...dex.htm?cnn=yes Quote
The Interpreter Posted June 12, 2008 Posted June 12, 2008 So, whither gas prices next? http://www.wlos.com/template/inews_wire/wi....wlos.com.shtml Quote
The Interpreter Posted June 12, 2008 Posted June 12, 2008 ....Theme Parks And if lower hotel prices inspire consumers to take a vacation, it might include a trip to a theme park, where prices are also falling. Six Flags (NYSE:SIX - News) cut $10 off entry prices at the majority of their 19 parks in April, setting admission at $34.99 for its St. Louis park and $24.99 for the Texas-based Hurricane Harbor water park. "People just aren’t going out as much," Glassman said. "People are getting squeezed, and they’re starting to push back."... First time I've seen that in print so far.... From: http://biz.yahoo.com/cnbc/080612/25101914.html?.v=1 Quote
The Interpreter Posted June 27, 2008 Posted June 27, 2008 Oil hits US$140 for first time, closes at US$139.64 barrel: http://money.cnn.com/2008/06/26/markets/oi...sion=2008062615 Quote
Coasterkidman Posted June 27, 2008 Posted June 27, 2008 ^ugh. My dad is driving all the way to Florida and Back, and the rest of my family is flying. Glad I'm not paying for the gas! Quote
Guest kwindshawne Posted June 27, 2008 Posted June 27, 2008 I wonder when the bubble will pop.... Quote
BavarianBeatle Posted June 27, 2008 Posted June 27, 2008 ^ugh. My dad is driving all the way to Florida and Back, and the rest of my family is flying. Glad I'm not paying for the gas! You are! It's passed on to you in the price of your ticket. Quote
The Interpreter Posted June 27, 2008 Posted June 27, 2008 ^ugh. My dad is driving all the way to Florida and Back, and the rest of my family is flying. Glad I'm not paying for the gas! You are! It's passed on to you in the price of your ticket. Nope. His parents are....I doubt his allowance would pay for the gas (or jet fuel)! Quote
Coasterkidman Posted June 27, 2008 Posted June 27, 2008 darn this newfangled economy! Sorry, had an old geiser moment. All kidding aside, darn if it takes the gas to get to $8 a gallon before the economy wakes up from the Fossil Fuel Hibernation, Quote
The Interpreter Posted June 27, 2008 Posted June 27, 2008 I wonder when the bubble will pop.... And this morning, oil hit another high. Could it be THIS bad? http://www.freep.com/apps/pbcs.dll/article.../806270350/1014 If it is, a lot of people and companies are going to be in a lot of trouble...and amusement parks are not going to survive in any significant numbers...the industry has been through similar periods before, with not good results...see, for instance, the 1930's.... Quote
teenageninja Posted June 27, 2008 Posted June 27, 2008 Its true, gas prices are killing our economy. The good thing is I drive a highly fuel efficient car (Chevrolet Metro) so gas isn't killing me... yet. Quote
Coasterkidman Posted June 27, 2008 Posted June 27, 2008 Jeeze. In Early May (I think that's when it was?) Oil hits $100.01 for the first time, now we're in Late June and It's $140 a barrel! Someone calculate how long it will be till $200 a barrel. My guess, sooner than it takes most people to get ready for it. Quote
The Interpreter Posted June 27, 2008 Posted June 27, 2008 Yet another record close today...now over US$140.... Quote
Coasterkidman Posted June 27, 2008 Posted June 27, 2008 I saw on the news (CNN I think) that Oil could hit $170 a barrel by The end of the Summer! Imagine how that will effect the Holiday Travel Season. . . Quote
WooferBearATL Posted June 27, 2008 Posted June 27, 2008 And prices are falling in Georgia? Just makes you wonder. Quote
Monroe Posted June 27, 2008 Posted June 27, 2008 Yes, falling on the floor so people can put up new ones with bigger numbers on them. Quote
WooferBearATL Posted June 27, 2008 Posted June 27, 2008 Yup, filled up yesterday for $3.89. Driving home tonight the highest I saw was $3.96/gallon. Quote
The Interpreter Posted June 27, 2008 Posted June 27, 2008 Who'd a thunk a year ago that now we would think those prices relatively low? I still think many a nickel that might have been spent in parks will go to fill gas tanks and pay higher goods and services prices (due to transportation costs, in part). Quote
Coasterkidman Posted June 27, 2008 Posted June 27, 2008 Yup, filled up yesterday for $3.89. Holey cow! Also Funny to think that 3 months ago $3.89 would be Expensive. . . Quote
WooferBearATL Posted June 27, 2008 Posted June 27, 2008 But considering about two weeks ago, the lowest you could find was $3.99; I just think that it's odd. Quote
Coasterkidman Posted June 27, 2008 Posted June 27, 2008 It may not be a consistant increase, but it's an increase none the less. Quote
Cody Posted June 27, 2008 Posted June 27, 2008 went by Circle K here in Indiana, 4.11! When is this bubble gona pop! Quote
The Interpreter Posted June 28, 2008 Posted June 28, 2008 Fox Radio news at 7 eastern this morning just said gasoline is expected to hit US$5 gallon soon, with no end in sight. Quote
WooferBearATL Posted June 28, 2008 Posted June 28, 2008 I would suspect that the oil producing countries will not allow the prices to increase a great deal more. Remember, they have a vested interest in having people not move to alternate sources of energy. Quote
Guest kwindshawne Posted June 28, 2008 Posted June 28, 2008 Fox Radio news at 7 eastern this morning just said gasoline is expected to hit US$5 gallon soon, with no end in sight. Remember the movie oil storm? Here it comes...... The natural gas company here is warning everyone prices will be rediculous this winter. Wonder how much frostbite we'll see at the hospital this winter. I am ready for alternative energy. I hate being dependent on it-my sis had the right idea of going to alaska-the residents had a record payout this year. Quote
The Interpreter Posted July 2, 2008 Posted July 2, 2008 Oil closes at new record of $140.97 on supply worries: http://ap.google.com/article/ALeqM5i5Ttajg...HBB-tAD91L98RG0 Quote
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