Google Groups no longer supports new Usenet posts or subscriptions. Historical content remains viewable.
Dismiss

$4 gas is here!

1 view
Skip to first unread message

China Cheap Wholesale Nike

unread,
May 12, 2008, 8:06:56 AM5/12/08
to

US 71

unread,
May 12, 2008, 12:05:17 PM5/12/08
to
$3.69 in Arkansas as of Sunday (yes, gas went up on SUNDAY this time).
Diesel is running approx $4.25

One or two hold outs at $3.53 IF I can find them.


davidjc...@gmail.com

unread,
May 12, 2008, 1:39:59 PM5/12/08
to

I saw it at $4.09 for regular at the Chevron on Peace Portal in Blaine
WA on Thursday. The Chevron is the first gas station off the freeway
on I-5 after you come in from Canada though, the other gas in that
area clear to Seattle is about $3.79

txsta...@hotmail.com

unread,
May 12, 2008, 3:42:24 PM5/12/08
to
Just saw a station down the street in Dallas over the weekend go over
the $4 mark for super ($4.04), and their diesel, which just was $4.19,
now being really stupid at $4.54!! Glad I don't drive a truck for a
living.....

The Chief Instigator

unread,
May 12, 2008, 4:53:10 PM5/12/08
to

Premiums have been over $4 in Houston for the last week or so, and I
spotted a $4.139 in west Pearland yesterday.

--
Patrick "The Chief Instigator" Humphrey (pat...@io.com) Houston, Texas
chiefinstigator.us.tt/aeros.php (TCI's 2007-08 Houston Aeros) AA#2273
LAST GAME: Rockford 5, Houston 2 (April 25)
NEXT GAME: The 2008-09 season opener in early October

Premier Bush

unread,
May 12, 2008, 4:55:03 PM5/12/08
to
China Cheap Wholesale Nike wrote:
> http://www.newsday.com/news/local/ny-ligas0512,0,3319087.story

Thanks W!


US 71

unread,
May 12, 2008, 7:03:11 PM5/12/08
to

"Premier Bush" <watuzi...@yahoo.com> wrote in message
news:euOdnfDm3OIwM7XV...@centurytel.net...

> China Cheap Wholesale Nike wrote:
>> http://www.newsday.com/news/local/ny-ligas0512,0,3319087.story
>
> Thanks W!

And Exxon


My Land of Misery

unread,
May 12, 2008, 8:08:31 PM5/12/08
to

$3.57 (bang-bang) to $3.59 in Kansas City (MO side). Diesel runs at
$4.39.

Rich Piehl

unread,
May 12, 2008, 8:47:05 PM5/12/08
to

$3.65 give or take a couple of pennies for RUNL and diesel at $4.19 on
the other side of the state.

Take care,
Rich

God bless the USA

--
Pat Paulsen (1927-1997) for President - 2008

Even though he's dead it makes about much sense
to vote for him as it does for the choices
that we have who are living. At least he's not
going change his position on anything.

Rich Piehl

unread,
May 12, 2008, 8:51:30 PM5/12/08
to

And a boatload of others in the last 3 1/2 decades. But that doesn't
fit your 'bash Bush exclusively for anything and everything' campaign.

And, before you start the blame game, yes, Bush has responsibility and
deserves blame for part of the situation. But not for all of it.

necromancer

unread,
May 12, 2008, 9:43:49 PM5/12/08
to

And Goldman Sachs

--
"That's interesting. I hadn't heard that. ..."
--George W. Bush on the prospect of US$4.00 gas

Nick C

unread,
May 12, 2008, 9:52:38 PM5/12/08
to
"China Cheap Wholesale Nike" <tren...@earthlink.net> wrote in message
news:a2b9c15e-cb6e-47ce...@j22g2000hsf.googlegroups.com...
> http://www.newsday.com/news/local/ny-ligas0512,0,3319087.story

Probably also has to do with the higher incomes and high real estate prices
in that area.

Premier Bush

unread,
May 13, 2008, 12:57:03 AM5/13/08
to
Rich Piehl wrote:
> Premier Bush wrote:
>> China Cheap Wholesale Nike wrote:
>>> http://www.newsday.com/news/local/ny-ligas0512,0,3319087.story
>>
>> Thanks W!
>>
>>
>
> And a boatload of others in the last 3 1/2 decades. But that doesn't
> fit your 'bash Bush exclusively for anything and everything' campaign.
>
> And, before you start the blame game, yes, Bush has responsibility and
> deserves blame for part of the situation. But not for all of it.

He (and Congress for that matter) could have done something about these
ridiculous gas prices that are destroying our economy, but nobody has done
anything. After all, there are price controls on many items, so why not
gasoline?


Michael G. Koerner

unread,
May 13, 2008, 1:12:03 AM5/13/08
to

*I KNOW how to get fuel down TO JUST OVER *ONE DOLLAR*!!!!!*

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

Convert to liter pricing!

:-D

--
___________________________________________ ____ _______________
Regards, | |\ ____
| | | | |\
Michael G. Koerner May they | | | | | | rise again!
Appleton, Wisconsin USA | | | | | |
___________________________________________ | | | | | | _______________

Rich Piehl

unread,
May 13, 2008, 8:44:52 AM5/13/08
to

I said he is to blame. But I also said there are others to blame.
Where is that finger pointing in your 'thanks W' remark? That doesn't


fit your 'bash Bush exclusively for anything and everything' campaign.

By doing that you are leading others to believe you don't have a
complete grasp of the issue.

> "Democrats have... real solutions that will lower the price at the pump."

Nancy Pelosi
June 13, 2006

There's PLENTY of blame to go around...Presidents and Congress for the
last 35 years (not just the last 6 months), the American people, and a
host of others.

hanc...@bbs.cpcn.com

unread,
May 13, 2008, 11:26:14 AM5/13/08
to
On May 13, 12:57 am, "Premier Bush" <watuziNOS...@yahoo.com> wrote:
> > And, before you start the blame game, yes, Bush has responsibility and
> > deserves blame for part of the situation.  But not for all of it.
>
> He (and Congress for that matter) could have done something about these
> ridiculous gas prices that are destroying our economy, but nobody has done
> anything.  After all, there are price controls on many items, so why not
> gasoline?

Price controls on many items? I don't think so.

Price controls contributed to the shortages of '74 and '79. We don't
need those.

I am no fan of Pres. Bush nor Congress, but I do not blame them at all
for the gas prices. They had nothing to do with it nor any control
over it. It's not their fault that China and India are booming or
that Americans want big, fat, and heavy vehicles far bigger than they
need for comfortable driving.

Congress should include light trucks outfitted for comfortable
passenger service as part of the gas guzzler tax. People who actually
use pickups or SUVs to do real work don't have interiors fitted with
luxury cloth seats and the like, their tools, work clothes, and gear
would quickly ruin such interiors. What percentage of Toyota Sequoias
are used for real work?

Premier Bush

unread,
May 13, 2008, 4:47:46 PM5/13/08
to
Rich Piehl wrote:
> Premier Bush wrote:
>> Rich Piehl wrote:
>>> Premier Bush wrote:
>>>> China Cheap Wholesale Nike wrote:
>>>>> http://www.newsday.com/news/local/ny-ligas0512,0,3319087.story
>>>> Thanks W!
>>>>
>>>>
>>> And a boatload of others in the last 3 1/2 decades. But that
>>> doesn't fit your 'bash Bush exclusively for anything and
>>> everything' campaign. And, before you start the blame game, yes, Bush
>>> has responsibility
>>> and deserves blame for part of the situation. But not for all of
>>> it.
>>
>> He (and Congress for that matter) could have done something about
>> these ridiculous gas prices that are destroying our economy, but
>> nobody has done anything. After all, there are price controls on
>> many items, so why not gasoline?
>>
>>
>
> I said he is to blame. But I also said there are others to blame.
> Where is that finger pointing in your 'thanks W' remark? That doesn't
> fit your 'bash Bush exclusively for anything and everything' campaign.
> By doing that you are leading others to believe you don't have a
> complete grasp of the issue.

I said "Thanks W" because he is an oilman, and most of his cronies are from
the oil industry. It's not all his fault, but he's the most prominent
member of government and as Truman said, "the buck stops here". In W's
White House, the buck goes into the garbage can. It appears that they are
protecting the oil company profits at the expense of the good of the nation.

>> "Democrats have... real solutions that will lower the price at the
>> pump."
>
> Nancy Pelosi
> June 13, 2006
>
> There's PLENTY of blame to go around...Presidents and Congress for the
> last 35 years (not just the last 6 months), the American people, and a
> host of others.

Right. But my point is that the PTB have the power to do something about
it, and they have refused to. And it is tanking the economy. It's funny
that oil company profits are apparently more important than the nation's
economy to them.


Premier Bush

unread,
May 13, 2008, 4:50:35 PM5/13/08
to
hanc...@bbs.cpcn.com wrote:
> On May 13, 12:57 am, "Premier Bush" <watuziNOS...@yahoo.com> wrote:
>>> And, before you start the blame game, yes, Bush has responsibility
>>> and deserves blame for part of the situation. But not for all of it.
>>
>> He (and Congress for that matter) could have done something about
>> these ridiculous gas prices that are destroying our economy, but
>> nobody has done anything. After all, there are price controls on
>> many items, so why not gasoline?
>
> Price controls on many items? I don't think so.

Cigarettes are one example.

> Price controls contributed to the shortages of '74 and '79. We don't
> need those.

It wouldn't be any worse than letting the oil companies wreck the economy.
If gas prices continue to rise, the economy will be destroyed and we could
easily enter into a second Great Depression.

> I am no fan of Pres. Bush nor Congress, but I do not blame them at all
> for the gas prices. They had nothing to do with it nor any control
> over it. It's not their fault that China and India are booming or
> that Americans want big, fat, and heavy vehicles far bigger than they
> need for comfortable driving.

Sure they do. They control prices for other things, so why not control
prices on something that is destroying the economy with its ridiculously out
of proportion prices? They can't do anything about it because they refuse
to do anything about it. Vote the bastards out. Dem and Repub alike.

> Congress should include light trucks outfitted for comfortable
> passenger service as part of the gas guzzler tax. People who actually
> use pickups or SUVs to do real work don't have interiors fitted with
> luxury cloth seats and the like, their tools, work clothes, and gear
> would quickly ruin such interiors. What percentage of Toyota Sequoias
> are used for real work?

Are you familiar with the upcoming CAFE regulations?


My Land of Misery

unread,
May 13, 2008, 5:39:27 PM5/13/08
to
On May 12, 7:47 pm, Rich Piehl

KC area update as of today: RUNL $3.699, diesel $4.499. Hike-hike.
I'm sure threre are people ready to sack the qWarterback.

I'm not placing blame on the politicians, traitorous as they
are...since Congress is claiming to investigate the oil companies. I
place it on futures trading...one guy in the Middle East cuts a fart,
and the traders go nuts. I heard on the KC news a while back that the
traders are dumping corporate stocks to invest in oil, and apparently
it's the same with the real estate market. Judging by the drop in
gold and silver (gold $100/oz below its peak and silver $5/oz below
its peak) I'm suspecting that now the investors are dumping precious
metals for oil stocks as well. Black gold, anyone?

Rich Piehl

unread,
May 13, 2008, 7:07:40 PM5/13/08
to

And there are cases to be made that oil company profits, percentage
wise, don't even offset the increase in taxes and the environmental fees
they pay. Don't get me wrong - the oil companies share the blame.
They need to be good, responsible citizens, too.

US 71

unread,
May 13, 2008, 8:36:11 PM5/13/08
to

"My Land of Misery" <gr...@netzero.net> wrote


I'm not placing blame on the politicians, traitorous as they
are...since Congress is claiming to investigate the oil companies.

--->Emphasis: CLAIMING

I place it on futures trading...one guy in the Middle East cuts a fart,
and the traders go nuts. I heard on the KC news a while back that the
traders are dumping corporate stocks to invest in oil, and apparently
it's the same with the real estate market. Judging by the drop in
gold and silver (gold $100/oz below its peak and silver $5/oz below
its peak) I'm suspecting that now the investors are dumping precious
metals for oil stocks as well. Black gold, anyone?

---> Mad Money Cramer says buy "real" gold (but he also said Bear Sterns
wouldn't go belly-up). I do agree, though, that the futures traders are
running up the price. I wonder if/when the "bubble" will burst with oil like
it did with housing?

Premier Bush

unread,
May 13, 2008, 9:54:35 PM5/13/08
to
Rich Piehl wrote:
> And there are cases to be made that oil company profits, percentage
> wise, don't even offset the increase in taxes and the environmental
> fees they pay. Don't get me wrong - the oil companies share the
> blame. They need to be good, responsible citizens, too.

But that is absolutely not true. The oil companies have been bragging about
their record profits over the last few years. The taxes and environmental
fees are a mere drop in the bucket compared to how much profit they make.


Rich Piehl

unread,
May 13, 2008, 10:18:10 PM5/13/08
to

The oil companies haven't been bragging about them. The media has been
holding them up as a sure sign the oil companies are crooked (and that
may be true) without actually looking into what's behind them. They are
just easy targets for the 20 second sound bite based media.

"Schrödinger's Cat Surprise! Jazz Band"

unread,
May 13, 2008, 11:14:14 PM5/13/08
to
Rich Piehl wrote:
> Premier Bush wrote:
>> Rich Piehl wrote:
>>> And there are cases to be made that oil company profits, percentage
>>> wise, don't even offset the increase in taxes and the environmental
>>> fees they pay. Don't get me wrong - the oil companies share the
>>> blame. They need to be good, responsible citizens, too.
>>
>> But that is absolutely not true. The oil companies have been bragging
>> about their record profits over the last few years. The taxes and
>> environmental fees are a mere drop in the bucket compared to how much
>> profit they make.
>>
>
> The oil companies haven't been bragging about them. The media has been
> holding them up as a sure sign the oil companies are crooked (and that
> may be true) without actually looking into what's behind them. They are
> just easy targets for the 20 second sound bite based media.
>
> Take care,
> Rich
>
> God bless the USA
>

I'm wondering if they might not be shooting themselves in the foot these
days. The sustained high prices may just force a change in habit and a
decline in consumption.

--
Comrade Otto The Duke Of Yamamoto
http://mryamamoto.50megs.com
'The Quality goes in before the Name goes on'

Steve Sobol

unread,
May 13, 2008, 11:55:51 PM5/13/08
to


The oil companies alternate between crowing about their record profits and
whining that their margins are razor thin. They need to STFU already.


--
Steve Sobol, Victorville, CA PGP:0xE3AE35ED www.SteveSobol.com
Geek-for-hire. Details: http://www.linkedin.com/in/stevesobol

Premier Bush

unread,
May 14, 2008, 3:02:47 AM5/14/08
to

What I don't get is they are destroying the economy with their outrageously
high gas prices. The economy is getting worse and worse, and soon nobody
will have any extra money to spend on gas. It will get even worse, and by
then nobody will even attempt to buy gas because it is too expensive. You
can't starve your customers and then expect them to continue to buy your
product.


Premier Bush

unread,
May 14, 2008, 3:03:28 AM5/14/08
to
Steve Sobol wrote:
> On 2008-05-14, Premier Bush <watuzi...@yahoo.com> wrote:
>> Rich Piehl wrote:
>>> And there are cases to be made that oil company profits, percentage
>>> wise, don't even offset the increase in taxes and the environmental
>>> fees they pay. Don't get me wrong - the oil companies share the
>>> blame. They need to be good, responsible citizens, too.
>>
>> But that is absolutely not true. The oil companies have been
>> bragging about their record profits over the last few years. The
>> taxes and environmental fees are a mere drop in the bucket compared
>> to how much profit they make.
>
>
> The oil companies alternate between crowing about their record
> profits and whining that their margins are razor thin. They need to
> STFU already.

Yup, I don't know where Rich has been over the last 3-4 years, but I've
certainly heard what you describe many times.


Premier Bush

unread,
May 14, 2008, 3:56:12 AM5/14/08
to
Steve Sobol wrote:
> On 2008-05-14, Premier Bush <watuzi...@yahoo.com> wrote:
>>> And there are cases to be made that oil company profits, percentage
>>> wise, don't even offset the increase in taxes and the environmental
>>> fees they pay. Don't get me wrong - the oil companies share the
>>> blame. They need to be good, responsible citizens, too.
>>
>> But that is absolutely not true. The oil companies have been
>> bragging about their record profits over the last few years. The
>> taxes and environmental fees are a mere drop in the bucket compared
>> to how much profit they make.
>
>
> The oil companies alternate between crowing about their record
> profits and whining that their margins are razor thin. They need to
> STFU already.

This reminds me how religious wackos tend to talk out of both sides of their
mouth. One one hand, they play the victim, claiming their religion is
dying, how others (the government, atheists, whatever) are holding them
down, how their members are few and the rest of the world is against them.
On the other hand, they brag about how their religion is a majority and the
minorities need to shut up and let the majority rule and how they're "taking
over". Pick one side or the other or STFU.


US 71

unread,
May 14, 2008, 8:40:22 AM5/14/08
to

""Schrödinger's Cat Surprise! Jazz Band"" <raash...@ndki.rk> wrote +

>>
>
> I'm wondering if they might not be shooting themselves in the foot these
> days. The sustained high prices may just force a change in habit and a
> decline in consumption.
>

I wonder if they'll try to boost their prices more to compensate for "lost
revenue"... or are they doing it now?

I agree w/ Premier that the oil companies seem to be complaining about
narrow margins then bragging about record profits.


Murphy Oil's annual report says 2007 saw record profits of $206 million,
then added "Naturally, more is expected."

So these guys are crying all the way to the bank.


Rich Piehl

unread,
May 14, 2008, 8:49:35 AM5/14/08
to

You have missed my point. You keep trying to put cute little talking
points tags on it.

"it's W's fault"
"It's the oil companies profits"

I have said they bear a portion of the burden so I hardly consider that
denial. But that escaped you.

But I have not seen from you one point outside of the quick 20 second
sound bites that are fed to people. There are a TON of other factors.
You didn't acknowledge my Pelosi post. Where's that Democratic
salvation from all Bush's evil? You have yet to admit that there is a
failure to get us off the oil standard ever since *NIXON* said we needed
to do it in the early 70's.

In a way you are symptomatic of the problem. You want quick, slick
answers/solutions. You want to do that rather than what it REALLY takes
to fix the problem. You don't want the expense, you don't want the
inconvenience.

Premier Bush

unread,
May 14, 2008, 11:10:25 AM5/14/08
to
Rich Piehl wrote:
> Premier Bush wrote:
>> Steve Sobol wrote:
>>> On 2008-05-14, Premier Bush <watuzi...@yahoo.com> wrote:
>>>> Rich Piehl wrote:
>>>>> And there are cases to be made that oil company profits,
>>>>> percentage wise, don't even offset the increase in taxes and the
>>>>> environmental fees they pay. Don't get me wrong - the oil
>>>>> companies share the blame. They need to be good, responsible
>>>>> citizens, too.
>>>> But that is absolutely not true. The oil companies have been
>>>> bragging about their record profits over the last few years. The
>>>> taxes and environmental fees are a mere drop in the bucket compared
>>>> to how much profit they make.
>>>
>>> The oil companies alternate between crowing about their record
>>> profits and whining that their margins are razor thin. They need to
>>> STFU already.
>>
>> Yup, I don't know where Rich has been over the last 3-4 years, but
>> I've certainly heard what you describe many times.
>>
>>
>
> You have missed my point. You keep trying to put cute little talking
> points tags on it.
>
> "it's W's fault"
> "It's the oil companies profits"

Those are two of the major reasons gas prices are so high (the oil
companies' greed and the Bush administration and Congress have been
complacent.

> I have said they bear a portion of the burden so I hardly consider
> that denial. But that escaped you.
>
> But I have not seen from you one point outside of the quick 20 second
> sound bites that are fed to people. There are a TON of other factors.
> You didn't acknowledge my Pelosi post. Where's that Democratic
> salvation from all Bush's evil? You have yet to admit that there is a
> failure to get us off the oil standard ever since *NIXON* said we
> needed to do it in the early 70's.

I've been just as disappointed in the new "Dem" Congress as I have anything.
Anyone who knows me at all knows this.

> In a way you are symptomatic of the problem. You want quick, slick
> answers/solutions. You want to do that rather than what it REALLY
> takes to fix the problem. You don't want the expense, you don't want
> the inconvenience.

Not at all. I just want something done now before the economy is ruined.


US 71

unread,
May 14, 2008, 11:29:33 AM5/14/08
to

"Premier Bush" <watuzi...@yahoo.com> wrote

.
>
> I've been just as disappointed in the new "Dem" Congress as I have
> anything. Anyone who knows me at all knows this.
>

On my way to the StL meet I saw a sign saying "Impeach Pelosi". May have
been near Marshfield.


Rich Piehl

unread,
May 14, 2008, 12:16:52 PM5/14/08
to

And it has nothing to do with China and India increasing their
consumption by several hundred percent? But that doesn't make nice
bumper sticker material does it?

Free Lunch

unread,
May 14, 2008, 5:48:54 PM5/14/08
to

It depends. If you analyse the last seven years as if George W Bush is a
Saudi agent, it all makes a lot more sense.

Premier Bush

unread,
May 14, 2008, 7:58:47 PM5/14/08
to

But if they bankrupt the country, who will the Saudis sell to?


US 71

unread,
May 14, 2008, 9:04:56 PM5/14/08
to

"Premier Bush" <watuzi...@yahoo.com> wrote

>
> But if they bankrupt the country, who will the Saudis sell to?
>

China?

The question actually is: where will the Saudis buy their weapons to sell
to Iran, Iraq & Lebanon?

"Schrödinger's Cat Surprise! Jazz Band"

unread,
May 14, 2008, 10:32:15 PM5/14/08
to
I'm sure Vlad Putin can use the cash

Free Lunch

unread,
May 14, 2008, 11:43:30 PM5/14/08
to
On Wed, 14 May 2008 18:58:47 -0500, "Premier Bush"
<watuzi...@yahoo.com> wrote:

Europe.

Rick Powell

unread,
May 15, 2008, 12:35:17 AM5/15/08
to
On May 12, 11:05 am, "US 71" <u...@cox.net> wrote:
> $3.69 in Arkansas as of Sunday (yes, gas went up on SUNDAY this time).
> Diesel is running approx $4.25
>
> One or two hold outs at $3.53 IF I can find them.

Went from IL to MS and back 3-11-08 to 3-14-08. Low of $3.39 at one
place in MO on I-55 on 3-11; high of $3.94 in Bloomington/Normal, IL
in town today. MS was at about $3.65 in the Jackson area the past few
days. All stations in Hayti, MO were at $3.49 today.

RP

Premier Bush

unread,
May 15, 2008, 3:43:36 AM5/15/08
to
"Schrödinger's Cat Surprise! Jazz Band" wrote:
> US 71 wrote:
>> "Premier Bush" <watuzi...@yahoo.com> wrote
>>
>>> But if they bankrupt the country, who will the Saudis sell to?
>>>
>> China?
>>
>> The question actually is: where will the Saudis buy their weapons
>> to sell to Iran, Iraq & Lebanon?
>>
>>
>>
> I'm sure Vlad Putin can use the cash

Pooty-Poot isn't in charge of Russia anymore.


US 71

unread,
May 15, 2008, 8:33:25 AM5/15/08
to

"Premier Bush" <watuzi...@yahoo.com> wrote

>
> Pooty-Poot isn't in charge of Russia anymore.
>

Technically. He's not Prez, but he's Prime Minister. So he's pulling the new
Prez's strings.


Michael D. Adams

unread,
May 15, 2008, 8:36:35 AM5/15/08
to
"Rick Powell" <rkpo...@ivnet.com> wrote:

> Went from IL to MS and back 3-11-08 to 3-14-08. Low of $3.39 at one
> place in MO on I-55 on 3-11; high of $3.94 in Bloomington/Normal, IL
> in town today. MS was at about $3.65 in the Jackson area the past few
> days. All stations in Hayti, MO were at $3.49 today.

*sigh*

http://www.triskele.com/2008/05/14/cheapest-gas-in-the-neighborhood

That was before prices went up overnight.

--
Michael D. Adams -- Windsor, Connecticut -- http://www.triskele.com


Rich Piehl

unread,
May 15, 2008, 8:42:00 AM5/15/08
to

For whatever reason that area from Jackson, MO south to AR along I-55
consistently seems to have the cheapest gas in the state, and frequently
among the cheapest in the country.

Take care,

Rich
God bless the USA

hanc...@bbs.cpcn.com

unread,
May 15, 2008, 12:45:54 PM5/15/08
to
On May 13, 4:50 pm, "Premier Bush" <watuziNOS...@yahoo.com> wrote:
> > Price controls on many items?  I don't think so.
>
> Cigarettes are one example.

How are cigarettes price controlled? If anything, they cost much
higher due to many taxes levied on them.

> > Price controls contributed to the shortages of '74 and '79.  We don't
> > need those.
>
> It wouldn't be any worse than letting the oil companies wreck the economy.
> If gas prices continue to rise, the economy will be destroyed and we could
> easily enter into a second Great Depression.

The economy was badly disrupted in '74 and '79 on account of
shortages. People lost time from work waiting in line for gas. Small
businesses that didn't have their own pump lost tremendous man hours
in line. Due to all that nobody drove anywhere and the economy
suffered greatly. IN ADDITION, the gas prices still shot up steeply
with all the problems.

The economy will not be "destroyed" nor we enter a Great Depression.
We will enter a recession (IMHO) and industry and consumers will have
to adjust and that takes time. But recessions aren't anything new, we
just haven't had one in a while. Some folks will suffer more than
others in a recession, as always. Individual consumers who own big
fat SUVs and pickups and drive long distances will be hurt more than
those who own small cars and drive short distances.

A free market society will adapt to the new circumstances. If Detroit
has half a brain (not sure it does), they'll put out _quality_ fuel
efficient vehicles, just as the Japanese did in the 1980s. I don't
know if Detroit understand the word "quality".

The rest of the US better rethink it's decayed manufacturing and start
exporting products to China, India, and the Arabs. Our problem is
that many of those countries are now capable of making their own stuff
and don't need us anymore.

At one time, 50 years ago, this country was proud of manufacturing.
Now it looks down on it, as if factory workers and factories
themselves was best done out of sight in a distance third world
swamp. But factories are the only way to create real economic
'wealth' that an economy must have. Disneyland does not provide us
with food or shelter. US Steel does (or makes the tools possible to
get food and shelter). But USS is tiny now and replaced by Disney on
the Dow Jones Index.

> Are you familiar with the upcoming CAFE regulations?

No.

0 new messages