[snkeyes069]

Originally Posted by mhood

Huh?

I think he was referring to Carbon Dioxide emissions being plant food. Unfortunately, Carbon Monoxide (in addition to Carbon Dioxide) emissions from burning fossil fuels also contributes to the greenhouse effect, creates acid rain and is a known carcinogen. Not the kind of stuff plants thrive on.

Originally Posted by usa1camaro1969

What are they paying a gallon in Iraq these days? Last I heard it was less than fifty cents.

Originally Posted by xx_ED_xx

In saudi gas is under .75 cents right now. You can thank our government for the rest. Did you see the price of oil for doing your oil change drop when gas prices came back down. NO! why not the cost of a barrel of oil dropped significantly. If I can charge you 4 dollars for a gallon of gas why the hell would I drop the price to 2 dollars.

In Riyadh, the current gas price is 91¢/gallon. Caracas Venezuela is at a mind-boggling 12¢. The reason? Government intervention! Their governments subsidize the price of petroleum products to stimulate their economies. That's part of why I stated earlier that high gas prices have hurt the economies around the world, benefiting only speculators and profiteers. A larger list of gas prices is HERE.

Originally Posted by Scott@Bjorn3D

I also look at the big picture. Yeah it cost more to fill up the Bee. But everything is going to cost more as fuel prices go up. Clothes, food and allot of other stuff is shipped by truck. So everything is going to go up and you may think it is not much but start adding up every nickle and dime you will get dinged for then you will figure out why you are broke.

Exactly! I hate paying $10 more a week to fill my Camaro. But I hate paying $50 extra per week (food, utilities, rent, etc.) even more. This is the indirect trickle-down of higher energy costs.

Originally Posted by GearHeadPeter

Doubt it as the news was saying that it will not go down due to increased demand from China, and in fact will probably keep going up.

The news program you were watching is most likely assuming the Chinese economy is growing at an average of 11%+, three times the level of the US economy, and is sustainable. However, there are concerns that China's currency is greatly undervalued and Chinese inflation is getting too high (food is at 6%). Correcting this will dampen their economic growth (and lower their expected energy needs). Hell, their growth is now below 10% and their government is setting 8% as a sustainable number...far below the number energy speculators are using to predict demand and set oil prices.