Gas $139! - Page 2 - PhillyBlog

Simon Wolf · #11 (**permalink**) 06-07-2008, 01:39 PM

Quote:

Originally Posted by O.H. Lee

I tried but 2 percent fat free milk won't work in my Honda and the only water that I pay for comes out of my faucet.

that reminds me of this, from simpler times:

forkiks · #12 (**permalink**) 06-07-2008, 03:47 PM

Quote:

Originally Posted by merkin

next year i predict $7/gal. last year i thought we where going to hit $5/gal. its amazing that poeple just dont get it. gas up intill now has been cheaper by the gallon compared to milk. as it stands now it is hovering around the same. by the litre, water is still much more expensive then gas. i dont understand how anyone couldnt see this coming especially with a pres that allows the markets to go ape sh!t as he has over the last 8 years.

i fill my tank up maybe once every 6 weeks if that. i always thought that it should have been more expenxive. poeple rely too much on their cars and commute too much. instead of all that money going to ceo's and big oil we should have been giving that money to say, septa. septa would make more money, the schools would get their 42MILL owed and we would have cleaner air. the only way its going to get better is if gas does go up. we have had it EXTREMELY cheap and it has made us more vulnerable.

Norway (Oslo) $10.03/gal

Sierra Leone $18.43/gal

Turkey $10.14/gal

and poeple complain about gas here.

You sir are a sick individual to think like that.
There is plenty of oil to sustain this Earth till Kingdom come. You are not so special to be the one to see the end of it. A normal person does not fill every six weeks and a normal person doesn't think it should be higher than it is. I wouldn't be surprised if the environmentalists are behind this absurdity..which you seem to support wholeheartedly.

Tannhauser · #13 (**permalink**) 06-07-2008, 03:59 PM

Quote:

Originally Posted by Simon Wolf

The biggest problem about the gas/oil situation is that people are refusing to accept that the price isn't coming back down. They're saying things like, "I'm going to wait until gas gets cheaper in the fall...", but that's not going to happen.

Absolutely right. The demand has increased, and that's not going to change. The millions of Chinese and Indians who now have cars and electricity aren't about to give that up.
So, as gas becomes more and more expensive and driving a luxury, the value of my home will continue to increase at the same rate.

Folks will begin living closer to their work and using public transportation will become far more desirable if not an outright necessity.
The days of “America’s love affair with the automobile” are coming to an end.

frankdialogue · #14 (**permalink**) 06-07-2008, 04:16 PM

The Great Oil Swindle
How much did the Fed really know?

by Mike Whitney

Global Research, May 30, 2008
Information Clearing House

The Commodity Futures and Trading Commission (CFTC) is investigating trading in oil futures to determine whether the surge in prices to record levels is the result of manipulation or fraud. They might want to take a look at wheat, rice and corn futures while they're at it. The whole thing is a hoax cooked up by the investment banks and hedge funds who are trying to dig their way out of the trillion dollar mortgage-backed securities (MBS) mess that they created by turning garbage loans into securities. That scam blew up in their face last August and left them scrounging for handouts from the Federal Reserve. Now the billions of dollars they're getting from the Fed is being diverted into commodities which is destabilizing the world economy; driving gas prices to the moon and triggering food riots across the planet.

For months we've been told that the soaring price of oil has been the result of Peak Oil, fighting in Iraq, attacks on oil facilities in Nigeria, labor problems in Norway, and (the all-time favorite)growth in China. It's all baloney. Just like Goldman Sachs prediction of $200 per barrel oil is baloney. If oil is about to skyrocket then why has G-Sax kept a neutral rating on some of its oil holdings like Exxon Mobile? Could it be that they know that oil is just another mega-inflated equity bubble---like housing, corporate bonds and dot.com stocks—that is about to crash to earth as soon as the big players grab a parachute?

There are three things that are driving up the price of oil: the falling dollar, speculation and buying on margin.

Read the full article here:
http://www.globalresearch.ca/index.p...xt=va&aid=9138

merkin · #15 (**permalink**) 06-07-2008, 04:21 PM

Quote:

Originally Posted by forkiks

You sir are a sick individual to think like that.
There is plenty of oil to sustain this Earth till Kingdom come. You are not so special to be the one to see the end of it. A normal person does not fill every six weeks and a normal person doesn't think it should be higher than it is. I wouldn't be surprised if the environmentalists are behind this absurdity..which you seem to support wholeheartedly.

not an environmentalist, just a realist. i could care less if there was enough oil till kingdom come. there are plenty of diamonds arent there. if you want to fill your tank your going to have to pay for it, its as simple as that.

merkin · #16 (**permalink**) 06-07-2008, 04:23 PM

Quote:

Originally Posted by Tannhauser

So, as gas becomes more and more expensive and driving a luxury, the value of my home will continue to increase at the same rate.

i wouldnt be so certain about that, the value of your house could go down.

Cat Astrophe · #17 (**permalink**) 06-07-2008, 04:37 PM

Thank God/Goddess/Jehovah/Buddha that I just changed to a new position in my company where I can telecommute from home. I couldn't have timed that better if I had tried.

ADX · #18 (**permalink**) 06-07-2008, 04:37 PM

Quote:

Originally Posted by merkin

i wouldnt be so certain about that, the value of your house could go down.

It will be interesting to see what effect the price of gas will have on the housing market in the long run. It's quite possible that homes in the city or near suburbs may hold their value or appreciate due to the fact that public transportation is far more accessible. And homes in the far suburbs or ex-urbs may lose considerable value.

If you think about it, someone who lives in the city and can take public transportation to work will probably save as much as $1500/month if he or she does not own a car. That savings will entice many people to make the move into the city and do without a car. Someone who makes that move may be willing to increase their mortgage payment by $1000/month since he or she would still have a net savings of $500.

Tannhauser · #19 (**permalink**) 06-07-2008, 04:55 PM

Quote:

Originally Posted by merkin

i wouldnt be so certain about that, the value of your house could go down.

If I lived in Collegeville it might (heck, who'm I kidding, it's going down).

Walking distance to Center City and the Tens (if not Hundreds) of thousands of jobs there is a good selling point.

Quote:

Originally Posted by ADX

If you think about it, someone who lives in the city and can take public transportation to work will probably save as much as $1500/month if he or she does not own a car. That savings will entice many people to make the move into the city and do without a car. Someone who makes that move may be willing to increase their mortgage payment by $1000/month since he or she would still have a net savings of $500.

How smart do those cats at Philly Car Share look now?

damonabnormal · #20 (**permalink**) 06-07-2008, 10:48 PM

Erm, commodities trading AND increased demand from India and China plus aging oil infrastructure AND the falling dollar are all creating the oil price increases. India is building the worlds largest highway network since our inter-states were built right now. Do you think they are riding bicycles? Anyone who thinks there is more oil to be had out there needs to look in the mirror, it is a FINITE resource people... it will not last forever though we are hardly about to run out. But we need to place some of the blame on our own bloated and wasteful culture. Driving around in the trucks we use is stupid and now those who bought into the whole SUV culture will pay the price. Too bad. For thousands of years humanity has built houses, traded, grown crops, raised families, traveled and lived their loves without the auto much less the big truck.