[mikeSS]

Originally Posted by blk96gt

I don't think you realize the cost of drilling and producing many of the crude oil deposits that are in the US. We have drilled and produced most of the easily accessible oil. What's left is the stuff that takes a significant amount of effort, time and money. The only reason these wells are economically feasible to drill are because of the increase in the cost of crude.

i realize it take millions to do and takes years to even start to see oil

[blk96gt]

Then where are you wanting to get all this cheap oil from?

[Steppenwolf1980]

Originally Posted by KeepItGreasey

That sounds like talk from someone who either doesn't want to do anything about it... or is making money off the situation.

But I think one of the biggest misconceptions is people on here thinking that Americans give a rat's tuckus about what people pay in Europe or Canada.

Cars are a big part of our culture. We have always had relatively cheap gasoline. We like to travel in our cars. We like to go off-roading. We like fast cars. We've been making cars for a century now.

Do any of you older guys remember what the world was like before those people living in that complete and utter hell hole in the middle of the desert realized that they were squatting over an underground ocean of black liquid gold?

See, I do care about gas pricing, even though it is because of environmental issues. I live in a small town over here, about three miles from city center. When I need to go to the supermarket or the lake in summer, I usually take the bicycle. When I go shopping downtown, I park the car once and take a footwalk to all shops that I need to go. When I have to stop before a closed railroad crossing or a long term red traffic light, I even turn off the car's engine. I know that I SHOULD HAVE bought a different car than the Camaro, but I couldn't help because it is so beautiful. So at least I try to make a change with thinking about how to avoid unneccessary rides or keeping the engine running if there is no need for.

I don't have a personal benefit out of increasing gas pricing, not at all. I do work in the automotive industry (I design alloy wheels for a German brand), but this doesn't stick to the gas price. Probably a low gas price would increase our sales, because people have more money to spend on our wheels then. Anyway, when you say that the Europeans think that the U.S. citizens give a crap about what we are paying, maybe you're right. I remember my last visit in the United States a couple of years ago, where I took a rental car and headed for some nature-sanctuary anywhere around Tennessee. I stopped at a panorama parking area, turned off the car, stepped outside and enjoyed the scenery, the woods and the fresh air. Then a young hillbillie couple arrived with their 30-year old pick-up, throwing tons of smog and dirt out of its muffler. They parked right next to me, got out of the car and stared down the valley for approximately 15 minutes. During this they kept their frickin engine of their frickin old trash car running all time. Right inside that sanctuary. Nobody cared. If that would happen somewhere here, all the other visitors would lynch these two at the next tree. But don't worry, sometimes I also see people over here waiting in their car with the motor running. As long as this is still happening, the gas price is imho way too low.

[intropiles]

It's gonna be a sick to me.. :(

[Scott@Bjorn3D]

5.00 will be nothing, the way the current administration is I think they are hoping for 7-8 a gallon for gas.

[mikeSS]

Originally Posted by Scott@Bjorn3D

5.00 will be nothing, the way the current administration is I think they are hoping for 7-8 a gallon for gas.

i think it will be that high the way things are going.. but not in two years...

[SILVERHAWK]

Every time I hear that gas is going to go back to $5.00 a gallon I throw up a little in my mouth. the Camaro isnt easy on gas as we all know and my Silverado is much worse

[CrazyDan]

I dont ever worry about it . We have no control over it so get a prius or a better job. I bought this car to burn gas and tires knowing prices will go up. suprised so many people crying about it.

[OldScoolCamaro]

Originally Posted by CrazyDan

I dont ever worry about it . We have no control over it so get a prius or a better job. I bought this car to burn gas and tires knowing prices will go up. suprised so many people crying about it.

Concise and to the point Dan. Gas prices are going to slowly rise due to supply and demand because of recovering and expanding economies especially in China. Big Government will step in and place the kabosh on gas guzzlers. Review history, this has and will again repeat itself. We are experiencing the rebirth of outrageously high horsepower behemoths circa 1970 and facing the same fate as those dinosaurs did in 1974. I for one having personally seen and lived through the oil embargo's, fuel rationing and EPA mandates killing off muscle cars am enjoing this rennaisance of factory built race cars but am sad knowing once again this too will shortly pass again. Let the good times roll for now! Drive 'em like you stole 'em.

[tjbusa]

I wish this thread was closed, cry out to the world and when people in other countries read it, they think you don't know how blessed you really are. I wish cars, houses, insurance, taxes, and essential needs were not as much as they are, but it is what it is, deal with it.

[SlingShot]

The price of fuel is controlled by OPEC and Wallstreet (oil futures) ... It's been said we should drill here more. Where should we drill ? Alaska, Gulf of Mexico ... If there was a really bad spill ( BP could have been a lot worse) in the Gulf it would destroy the fishing and tourist industry all along the Gulf Coast. And Alaska is the only rain forest the US has, and the northern hemisphere needs to keep it intact. There are no simple answers to the problem, other than change your habits and deal with it ...

[INTIMIDAT3R]

Originally Posted by cab2g

The first priority should be to reduce the spending deficit either by actually cutting spending where we can or actually raising taxes. But as I mentioned, millions of people can't afford a tax increase. I have little mercy for the ultra rich though, you can tax them.

All right, let's take your statement about taxing the rich...

The Congressional Budget Office, IRS, ABC, NBC, MSNBC, CBS, CNN, Wallstreet Journal, Fox News, and numerous other news agencies have all found that the top 5% pay 59% of the taxes collected by the government.

Everyone says "Tax the rich!!" Seriously? You actually think Congress will raise taxes on themselves? They spend millions upon millions to hold an office that pays a little over $100K a year. Something stinks in the locker room and it isn't the sweat socks.

Or, "Tax the evil corporations!!!" Above the 35% they pay now? We'll be paying more for their goods and services. They pass on the tax to consumers in the form of higher prices, who in turn will buy less because of the increased cost, and then corporations will cut their work force. Mom and Pop businesses will just close their doors.

Tax EVERYBODY, including those on welfare, at a flat 10%. Then when Washington starts talking about raising taxes, the "poor" or "working middle class" won't be so quick to say raise taxes.

We have the highest corporate tax anywhere. When taxes were raised on corporations in the 1990's, they started planning to move overseas.

It takes time to build the infrastructure to move manufacturing overseas. That's why there was a massive move overseas earlier this decade by corporations. It took them this long to build all that infrastructure first.

[pennor]

You have all made good points and great observations. The truth is that if (when) oil prices rise, and they certainly will for a number of reason, everyone, in the USA, Europe, Asia, everywhere will pay proprtionally more for fuel. When fuel prices rise so do the prices of everything else. It's called inflation folks. So you may not think that another $20/ tank will hurt you. But the cost of everthing else will go up with it. Groceries; those are delivered by truck. My daughter works for a trucking company. They simply add a fuel surcharge to the cost of delivering products. They did in back in 2008, they will do it again. The price of air travel will go up. The airlines will add a fuel surcharge or just use it as an excuse to reduce service, tack on more fees and raise ticket prices. Other businesses faced with higher fuel costs will raise prices and/or lay off employees to cut expences. The result..... A return to resession or perhaps a full blown depression this time because the US Government is now broke and will not be able to "stimulate" a disfunctional economy back to some sort of life. This will echo worldwide, not just in the USA!

Do you doubt it? The media blamed the last resession on a hoursing bubble. But do you remember where gas prices where in the fall of 2008? Over $4/gallon. It was the catalist that kicked an already over extended housing market and consumer debt drive economy over the edge. Faced with higher gas prices everyone cut back driving. The leasure industry tanked. The car companies couldn't sell cars anymore because people could not afford a car payment AND the fuel to run it so they quit buying cars. They quit buying non-essentials like new cloeths, a new house, the latest electrionics, etc. People who now had no jobs got behind on their house payments and the real estate market, over heated as it was, tanked. The result... Businesses lost money, laid off workers they didn't need, or went out of business because you can't stay viable while loosing money. That is unless you are the Government.

OK, don't shoot the messenger, but just watch. If this thing is not nipped in the bud. If oil prices are not controlled, 1929, here we come again. Stay tuned, it's going to be an interesting ride.

[TooCool5]

Originally Posted by pennor

You have all made good points and great observations. The truth is that if (when) oil prices rise, and they certainly will for a number of reason, everyone, in the USA, Europe, Asia, everywhere will pay proprtionally more for fuel. When fuel prices rise so do the prices of everything else. It's called inflation folks. So you may not think that another $20/ tank will hurt you. But the cost of everthing else will go up with it. Groceries; those are delivered by truck. My daughter works for a trucking company. They simply add a fuel surcharge to the cost of delivering products. They did in back in 2008, they will do it again. The price of air travel will go up. The airlines will add a fuel surcharge or just use it as an excuse to reduce service, tack on more fees and raise ticket prices. Other businesses faced with higher fuel costs will raise prices and/or lay off employees to cut expences. The result..... A return to resession or perhaps a full blown depression this time because the US Government is now broke and will not be able to "stimulate" a disfunctional economy back to some sort of life. This will echo worldwide, not just in the USA!

Do you doubt it? The media blamed the last resession on a hoursing bubble. But do you remember where gas prices where in the fall of 2008? Over $4/gallon. It was the catalist that kicked an already over extended housing market and consumer debt drive economy over the edge. Faced with higher gas prices everyone cut back driving. The leasure industry tanked. The car companies couldn't sell cars anymore because people could not afford a car payment AND the fuel to run it so they quit buying cars. They quit buying non-essentials like new cloeths, a new house, the latest electrionics, etc. People who now had no jobs got behind on their house payments and the real estate market, over heated as it was, tanked. The result... Businesses lost money, laid off workers they didn't need, or went out of business because you can't stay viable while loosing money. That is unless you are the Government.

OK, don't shoot the messenger, but just watch. If this thing is not nipped in the bud. If oil prices are not controlled, 1929, here we come again. Stay tuned, it's going to be an interesting ride.

Just what I said previously. People don't like to hear the truth.