$5 Gas in 2012?

[joshh]

I always figured that was the terrorists?



No, it's a fixed price per gallon.

Six dozen of one......terrorist sympathizers.


My mistake. Per gallon is correct.

[Vedubin01]

here is a great article that discusses a lot of things we have been talking about in this thread. Thought it was perfect timing....

Discuss....

http://townhall.com/columnists/LarryElder/2010/12/30/$5_gas_predicted_under_obama_--_what,_no_pitchforks/page/1

[joshh]

http://www.youtube.com/watch?v=BqHL404zhcU

[Bill 84 318i]

NO thats Just how the card fell this time around.


Boosh didnt devalue the dollar to shit (as much as 0) and there was not a global down turn in demand (like 35ish %) at the same time of over printing of money.

this is not complex to get, you are smart enough to connect the dots

I really think this is almost worth it's own thread, but I think people would take you far more seriously if you chilled on the all-caps and punctuation repetition.

Regardless, you reference the "printing money" thing. Which, for purposes of this question, let's get into the details of yet. But I'm inferring that you are referencing the hyper-inflation that unchecked money printing could cause, yes? So why isolate gas? If it was a US dollar thing, the entire economy would follow the crazy trend that gas has.

[HarryPotter]

Maybe if we would drill up that vast reserve we have under Arizona and not give a fvck about some dumb antelope instead of letting the Saudis ream us.

Also, what's the use in chilling in Iraq for so long if we're not taking advantage of it. We need to revert back to the 17th century imperialism sh!t and take advantage of places we occupy. It'd create jobs over there too, helping the Middle East!

Also, if we wouldn't outsource to China & Mexico for everything and impose larger tariffs on stuff imported from said countries, maybe companies would move back stateside and provide jobs to the, what is it, 15%? (it will be 15% by the time I'm done typing this) unemployed. Why employ the rest of the world when we need jobs here?

But I digress. This is a thread about gas, not how badly the current administration is handling things.

The cost to drill that oil shale up is insane and also extremely polluting, there are already some companies doing it and contaminating nearby hick towns and the people are bitching, good luck with that.

[mrsleeve]

The cost to drill that oil shale up is insane and also extremely polluting, there are already some companies doing it and contaminating nearby hick towns and the people are bitching, good luck with that.

Not this again, yeah its a little more money to produce shale resource, but not like you are thinking and what it was costing 30 years ago.

A fractured well 30 years + ago was 30-40 million a hole, now that cost is down 1-4 million a hole.

As far as the pollution I am not going there again, go find where darin and I have been round and about this, with his Mike More type gas land movie.




Bill I do the all caps on occasion to get the point across to the people that have had it laid out in detail several times, as still keep asking the same stupid questions and same stupid responses.

As to the reason gas is going up right now, is that OIL IS TRADED IN US. DOLLARS. Takes ore dollars to buy the raw commodity now that it did 10 months ago. Demand in china is starting to tick back up some, and the shortening of US domestic supply looming as the Gulf Drilling ban will start to catch up soon. Also its winter time Hydro Crackers are switched over to a more heavy fuels Biased production cycle to make heating oil and Kero to keep people warmer this time of year. Its a big combo of factors that is coming into play here. The one that is uncharacteristic as compared to past years is the BIG DEVALUATION of the Green Back, as compared to just last year.

Other countries are dumping our bonds, and running to gold (China big time and Japan too IIRC) this dwindling lack of confidence in our currency ( held as reserve currency by most of the other nations of the world) has every one on edge. We fall so goes most of the rest of the civilized world. This has much further reaching implications than just gas prices (and there by the price of EVERYTHING) but this is a general synopses of WHY

[Vedubin01]

off topic but what do you do in DC Bill?

[Bill 84 318i]

Bill I do the all caps on occasion to get the point across to the people that have had it laid out in detail several times, as still keep asking the same stupid questions and same stupid responses.

As to the reason gas is going up right now, is that OIL IS TRADED IN US. DOLLARS. Takes ore dollars to buy the raw commodity now that it did 10 months ago. Demand in china is starting to tick back up some, and the shortening of US domestic supply looming as the Gulf Drilling ban will start to catch up soon. Also its winter time Hydro Crackers are switched over to a more heavy fuels Biased production cycle to make heating oil and Kero to keep people warmer this time of year. Its a big combo of factors that is coming into play here. The one that is uncharacteristic as compared to past years is the BIG DEVALUATION of the Green Back, as compared to just last year.

Other countries are dumping our bonds, and running to gold (China big time and Japan too IIRC) this dwindling lack of confidence in our currency ( held as reserve currency by most of the other nations of the world) has every one on edge. We fall so goes most of the rest of the civilized world. This has much further reaching implications than just gas prices (and there by the price of EVERYTHING) but this is a general synopses of WHY

On the punctuation thing, I just have a knee-jerk reaction when (I'd guess 90%+) of your posts have the same punctuation mark or "^" repeated in the double digits. Regardless of your point, it's hard to not think "oh geez". I'm sure I'm not the only one.

I don't know that you answered my question. We're discussing volatile gas prices and you bring up the devaluation of the US dollar. I wondered why, if the US dollar was devaluated (and didn't say it wasn't), then when aren't all foreign commodities affected in the same way as gas? I don't think you addressed that adequately.

off topic but what do you do in DC Bill?

Nothing interesting or directly political - software development for a small government contractor, which has been an experience in and of itself. I actually relocated a few months ago to Norfolk, VA (changing locales on r3v just takes so many clicks), but I've kept my position.

[Vedubin01]

then when aren't all foreign commodities affected in the same way as gas?

really depends on who you are buying from. Walmart or Chi-Mart if you have not shopped there of late, prices have been rising on imports.

http://articles.moneycentral.msn.com/Investing/top-stocks/blog.aspx?post=1793098

The Chinese have held their currency value under the dollar for as long as I can remember. They do this to get the benefit of trade. Timmy and Ben's idea is to do the same back to China to repay the debt with cheap money. Being that China is really tied to our dollar its hurting both and China will soon say enough is enough. When that happens we are screwed.

Has anyone paid attention to the price of Gold Lately?

http://www.kitco.com/charts/livegold.html

$1400 USD some of the highest prices ever set for gold. Why, because the USD is worthless.



off topic again, thanks for answering the "what do you do question"

[mrsleeve]

On the punctuation thing, I just have a knee-jerk reaction when (I'd guess 90%+) of your posts have the same punctuation mark or "^" repeated in the double digits. Regardless of your point, it's hard to not think "oh geez". I'm sure I'm not the only one.

^^^^^^^^^^^^^^^^^^^

that is reference the guy above me with out having to quote then in totality, and annoy every one else with endless quotes

I use periods to hold palces to make somethings and points you know........................stand out.

I don't know that you answered my question. We're discussing volatile gas prices and you bring up the devaluation of the US dollar. I wondered why, if the US dollar was devalued (and didn't say it wasn't), then when aren't all foreign commodities affected in the same way as gas? I don't think you addressed that adequately.

You seem like a smart guy, do I really have to connect all the dots for you.

Ok 2 words .............................Exchange rate.

Oil is GLOBALLY traded in US DOLLARS the price is for a barrel of oil is the same here as it is in China, or the UK, or Tasmania ($89.73 as of close of business today). This does not include any countries Tariffs, import fees, and taxes (directly). This raw cost of the product to get it outta the ground and to market, and is subject to the whims of a global market Supply and demand and Speculation ( Al LA 2008.)


With the devaluation of the Dollar the real value of it is less so it takes more of them to get the oil, there by making gas go up and all other petrol products more. Now if you live in a country with a more stable currency your price for the Oil may actually go down a bit thanks to a Now more favorable exchange rate. Since our currency just happens to be the green back we will feel the greatest volatility in Petrol products pricing among other things that higher energy pricing brings with it.

Oh an dub has it going with China holding its currency very low, and our attempts at quantitative easing. When China says fuck it and dumps all our bonds its all over.

Oh and Dub Adjusted for inflation gold at 800oz in the early 80's translates into like 2400 of todays worthless dollars, just another fine example of the devaluation of the USD over the last 30 years

[weare30]

Cost 45$ to fill up my eta today guess it's slowly coming true :/

[!kid]

I have always wondered as to why we all drive cars that use fossil fuels in the first place. Ferdinand Porsche was building electric cars back in the 1890's. GM had the EV1 that did 100miles on a charge,137HP and weighed 2900 pounds. 0-50 in 6.3 sec, the Tesla can do 240 miles to a charge. my point is, I feel we have the technology and brain power to rid our selfs from the need of fossil fuels. but our profit driven system is holding us back from that progression. just as it is holding us back from the curing of "incurable disease" and providing food,cloths,shelter,education to every living person on this planet.

[e30trooper]

at my job ( chevron privetly owned ) 91 oct is at 4.0999 a gal.
will be 5 bux by summer. ty M.E.

[Frog]

Its because this administration is printing money 24/7 devaluing the dollar. Oil is traded on the world market and our dollar is not worth the paper its printed on, gas Will BE $5 by 2012.


Get ready to take it in the ASS, "you" voted for it!

Gas is up, 18% this year alone...

This isn't because of the administration..

We have a finite amount of oil. We can only pump so much.

Demand is increasing exponentially, and our production (or pumping) is leveling off. In the near future, production will start to decreasing.


The way wells work, at first, pumping is hard and oil comes out very slowly.. As time goes by, the rate increases. About halfway through the well capacity, at the peak rate of pumping, this rate decreases, forming a bell shape production curve.


You probably won't agree with this, but we have exhausted half of our planet's supply of oil.
So, production will start to become harder, and harder..

You will see an increase in gas prices mainly because of the soon-to-come increase in the cost of oil. The whole world will have an increase in gas prices. Yes, our dollar will be worth a little less in 2012, but that isn't the reason why our gas prices will shoot up..

Yes, we have it in the ass.. The whole world does.. This isn't because "you" voted for it..

You're like the Glen Beck of R3vlimited..

[mar1t1me]

About 20 years ago, I told my dad that I thought buying a house was dumb. I felt like if you took all the money you have to spend fixing things, property taxes, etc, and simply saved the money, that you would probably come out ahead in the end. Especially as the US shifts from a work-at-one-company-forever country to a much more transient workforce. And now, we see that being a home owner increases a person's risk of being unemployed, because people can't uproot and move to a new job quickly. They tend to spend more time on unemployment looking for nearby jobs. Being immobile also means you may be forced to commute long distances at significant cost.

We are making a big transition in this country right now, and it's no surprise many aren't going to accept it quietly. Things are becoming more decentralized, and government as we know it has become far to unwieldy in its current state. The Tea Party Constitutionalists have had the right idea, but unless they can stand on their own without support from the DNR, GOP or the Koch Bros., they will be doomed to the status-quo.

Imagine being easily mobile, able to move from job to job without long commutes. Imagine being able to walk a few blocks or pedal a few miles to work because you live nearby. What do you think would happen to the price of a gallon of gas then?

The American Myth of home ownership and cradle to the grave job security is over. And there ain't a goddamn thing government can do to stop it.