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#21
03-08-2008, 05:02 PM
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Re: $4.00 +++ per gallon
[ QUOTE ]
Funny thing is, there is no shortage of oil. It's all those damn speculators and government is doing nothing to stop it. [/ QUOTE ] Could not say it better---screw the little people 
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#22
03-08-2008, 07:40 PM
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Re: $4.00 +++ per gallon
The same thing that happened to the mortgage industry can happen to the oil industry. Again. Remember when gas dropped to $1.00 a gallon? Bubbles burst. When demand drops due to high prices, and inflation isn't held back, you have "stagflation" like we have now. If the Fed does their job of keeping the interest rates in check, the recession will be short lived, as what happened when Bush Sr. left office and Clinton took over.
A quick geo-political observation: Bin Laden may be crazy, but he's not stupid. We drove the Soviets into financial implosion with their war in Afganistan. (With Bin Ladens help). Now we have a war where he's trying to do the same thing to us to us. The hidden costs of this war have helped to produce a record deficit, which can lead to a financial depression if not kept in check.  JMHO
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 COPO 9561/9737 M40 X11D80 13.37 @ 105.50 on pump gas,drove it to NATL TRAILS and back [email protected] SCR22
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#23
03-08-2008, 10:11 PM
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Re: $4.00 +++ per gallon
[/ QUOTE ] we build Nuclear power plants like crazy. [/ QUOTE ] Nuclear Power ROCKS!...
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I don't think it was coincidence that the Great Depression happened during Prohibition... 
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#24
03-08-2008, 10:34 PM
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Re: $4.00 +++ per gallon
we build Nuclear power plants like crazy. [/ QUOTE ] Nuclear Power ROCKS!... [/ QUOTE ]  
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#25
03-09-2008, 06:11 AM
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Re: $4.00 +++ per gallon
Demand for gasoline in the US has actually declined about 1% over last year's rate (Lundberg Letter?). Global demand however, has continued to rise. Csaba Csere in Car & Driver magazine has an excellent article illustrating the pickle that we are in regarding fuel prices, look for the issue with the 08' Challenger on the cover.
On the brighter side, once the rest of the world realizes that the myriad of bundled subprime mortgage investments we've been unloading on them are worthless, global demand will indeed decline as they begin to realize that they aren't so wealthy either . By that time, our dollar could be on par with the peso though. 
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Steve H. industrial art collector
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#26
03-09-2008, 06:26 AM
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Re: $4.00 +++ per gallon
Everybody got a good point;no excuse for people to be paying $4.00 a gallon.All about the dollar:not about the right thing anymore.Chris teed
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#27
03-11-2008, 02:50 AM
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Re: $4.00 +++ per gallon
107.90 a barrel and climbing boys...
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It is impossible to certify a COPO or Z/28 as authentic without verifying that it is not a rebody...
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#28
03-11-2008, 06:11 AM
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Re: $4.00 +++ per gallon
Loaded up my Diesel dually with the trailer tonight. I've got run 500 or 600 miles tomorrow, filling up is hard to do......didn't Neil Sedaka have a song like that? Hopefully my state will pass a new traffic law making it legal to draft behind other vehicles
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Steve H. industrial art collector
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#29
03-11-2008, 06:16 AM
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Re: $4.00 +++ per gallon
No, that was "breaking up is hard to do". Here he is the man himself singing it from 1966 on The Shaw Saturday Hop Show!!!! ENJOY!!!! I am a big Sedaka fan
 NOT!!https://www.youtube.com/watch?v=tbad22CKlB4 Rich
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"This is Sheriff Buford T. Justice, I'm in pursuit of a black Trans Am, he is all mine so stay out of the way"
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#30
03-16-2008, 10:54 PM
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Re: $4.00 +++ per gallon
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