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RobbyZ5001

Light at the end of the tunnel!?

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Gas is up to $3.65 in State College Pa. To say the least this really bites. Can anyone see light at the end of the tunnel? What needs to change? When do you think the price will drop or we will find another fuel source?

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I think the real question is, when do we revolt and start burning down gas stations?

If Big Oil sees that we're willing to pay $3.50-$3.60 per gallon, than why not $4....why not $5? People are not going to stop buying gasoline.... we need to get to work, mow the lawn etc. Then there's that old expression..... "Got ya by the b@lls"

Somebody's getting rich and it ain't us.

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some kind of analyst's were on the Today show earlier and one said

by this time next year it will be $5 a gallon and will not be going down.  He said its time americans change their lifestyles,  we have had cheap fuel for longer than we should have.  Another analyst said we should start stockpiling food!!!  but the other guy said we dont need to go that far just yet.  Friggin scary   :'(

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some kind of analyst's were on the Today show earlier and one said

by this time next year it will be $5 a gallon and will not be going down. He said its time americans change their lifestyles, we have had cheap fuel for longer than we should have. Another analyst said we should start stockpiling food!!! but the other guy said we dont need to go that far just yet. Friggin scary :'(

The media feeds on panic all of the time. In the '70s the world was

running out of everything; in the '80s inflation was soaring, heading

towards 1000% and the Apocalyse was near. Take it all with a grain

of salt, we have a very dynamic economy which will correct itself over

time. "Extremes" are just that, extremes.

8-)

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some kind of analyst's were on the Today show earlier and one said

by this time next year it will be $5 a gallon and will not be going down. He said its time americans change their lifestyles, we have had cheap fuel for longer than we should have. Another analyst said we should start stockpiling food!!! but the other guy said we dont need to go that far just yet. Friggin scary :'(

The media feeds on panic all of the time. In the '70s the world was

running out of everything; in the '80s inflation was soaring, heading

towards 1000% and the Apocalyse was near. Take it all with a grain

of salt, we have a very dynamic economy which will correct itself over

time. "Extremes" are just that, extremes.

8-)

Thank You!  Thats what i need to hear...Someone with some kind of positive outlook!  all you hear anymore is negativity and its got me shakin in my boots.

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Gas is up to $3.65 in State College Pa. To say the least this really bites. Can anyone see light at the end of the tunnel? What needs to change?

Start by throwing the tea in the harbor ;)

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I like to think positive also BUT now America cannot even take care of itself economically >We rely too much on other countries for oil,food  and other nessecities 100 yrs ago we were self sufficient >farmers are what made this country what it is now and now farmers are goin bankrupt paying for fuel .if your making 1 dollar  a bushel of corn and it cost you 2 dollars  to bring it to market .its happening all over the place .i seen it coming 15 yrs ago as the GOV did the tobacco buyout

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farmers are what made this country what it is now and now farmers are goin bankrupt paying for fuel .

I would have to disagree there with corn being $5 a bushel and beans hitting $14 a bushel.  I live in a very rural area and the farmers IMO are doing better than I have ever seen before.  I have heard several land owners that cash rent their ground who received more from the tenant than was agreed to in the contract, because the farmer is doing that well.  :-X

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I like to think positive also BUT now America cannot even take care of itself economically >We rely too much on other countries for oil,food and other nessecities 100 yrs ago we were self sufficient >farmers are what made this country what it is now and now farmers are goin bankrupt paying for fuel .if your making 1 dollar a bushel of corn and it cost you 2 dollars to bring it to market .its happening all over the place .i seen it coming 15 yrs ago as the GOV did the tobacco buyout

What?

Farmers are rocking!  Commodities are at some of the highest levels in history and land prices are astronomical. Where did you come up this stuff?

::)

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I agree gas is way too high and the technology is there to use less oil but to out the price of gas in prospect compared to other countries; I saw on the news this morning, that in England, gas is $8.06 a galllon, $8.36, I bleive it was in France, and $7.96 a gallon in Germany.

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I like to think positive also BUT now America cannot even take care of itself economically >We rely too much on other countries for oil,food  and other nessecities 100 yrs ago we were self sufficient >farmers are what made this country what it is now and now farmers are goin bankrupt paying for fuel .if your making 1 dollar  a bushel of corn and it cost you 2 dollars  to bring it to market .its happening all over the place .i seen it coming 15 yrs ago as the GOV did the tobacco buyout

are you suggesting we reduce foreign trade and try to produce for ourselves?

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Newsflash!

We have oil in Alaska and the Gulf of Mexio!

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If Big Oil sees that we're willing to pay $3.50-$3.60 per gallon, than why not $4....why not $5? People are not going to stop buying gasoline.... we need to get to work, mow the lawn etc. Then there's that old expression..... "Got ya by the b@lls"

You do realize that unleaded gasoline is a traded commodity don't you?  Big Oil does not set the price of gas.  The price is mainly derived by the futures contract as traded on the NYMEX and (shockingly) is driven largely by the price of oil (the largest price input for gas).

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Newsflash!

We have oil in Alaska and the Gulf of Mexio!

I always thought it was funny that lawmakers in CA decided not to allow drilling off of their coast, arguing that it was the right of a state to decide whether or not to allow drilling in its territory. Yet when the threat of the people of Alaska (who would largely support drilling in their territory) voting to start drilling comes up, suddenly it's not a state's right to decide, it's the federal government's...and they won't let Alaska decide to drill or not, even though CA was able to decide it as a state issue.

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You guys still have it better than us my dad pays 1.30 a liter thats  over 4.60 a gallon ::) It was 65 dollars to fill his tank form quarter way, so ridiculous.

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I like to think positive also BUT now America cannot even take care of itself economically >We rely too much on other countries for oil,food  and other nessecities 100 yrs ago we were self sufficient >farmers are what made this country what it is now and now farmers are goin bankrupt paying for fuel .if your making 1 dollar  a bushel of corn and it cost you 2 dollars  to bring it to market .its happening all over the place .i seen it coming 15 yrs ago as the GOV did the tobacco buyout

What?

Farmers are rocking!  Commodities are at some of the highest levels in history and land prices are astronomical. Where did you come up this stuff?

::)

Commercial farmers yes with 20 diff crops and 4 diff livestock and 1000 + acres

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If Big Oil sees that we're willing to pay $3.50-$3.60 per gallon, than why not $4....why not $5? People are not going to stop buying gasoline.... we need to get to work, mow the lawn etc. Then there's that old expression..... "Got ya by the b@lls"

You do realize that unleaded gasoline is a traded commodity don't you? Big Oil does not set the price of gas. The price is mainly derived by the futures contract as traded on the NYMEX and (shockingly) is driven largely by the price of oil (the largest price input for gas).

x2

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The part that strikes a nerve with me is that the people who CAN do something about it, dont give a hoot about whats going on. I hear that part of the problem is that we cannot refine it fast enough. Why not? This is America people....BUILD MORE REFINERIES! A news report said that we've not built any new refineries in what 30+ years??? Why not???

Looks like Uncle Sam would be willing to cut Exxon or whoever a tax break (like they need a tax break posting multi-billion dollar profits PER QUARTER) for them building a few more refineries.

SOMETHING'S GOT TO GIVE!!

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A great deal of this is also influenced by the mortage crisis and the lack of credible liquidity in the markets. This can drive people toward  quality (ie: bonds and cash), but bonds aren't as safe as before with the lack of transparancy in the rating system. This has lead to an explosion in both money markets and commodity prices. Investors are flocking to oil and other commodities because it is a definable security as compared to some of the fixed income investments like CMO's.

It's not all just supply and demand. There is a lot more involved as well

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BUILD MORE REFINERIES!

Why build them here?  A refinery in India is being doubled in size to provide 5% of the worldwide demand of gasoline.  Why import oil and then refine it here when we can just import the product that we want (gasoline)?

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BUILD MORE REFINERIES!

Why build them here? A refinery in India is being doubled in size to provide 5% of the worldwide demand of gasoline. Why import oil and then refine it here when we can just import the product that we want (gasoline)?

I don't care where they build 'em, just do something somewhere.

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