Gas prices - opinions

[RIJIMMY]

Originally Posted by Pete_G

Ironic how the legacy of this president, rightfully or wrong, will be associated with the end of low fuel prices.

The talking heads on CNN and Fox are talking about $100 or more per barrel in a couple years.

Energy policy?

FWW is right on, this is bad, and it needs more attention than it is getting from the gov't.

Its funny, Americans are champions of Capitalism until,....it does not work in their favor. This is supply and demand, nothing more. WHat can the government do? SUV sales are still through the roof, looks like people are okay with paying big $ on gas. My house value has gone up, sucks for new home buyers , great for me. Should the government step in and lower the value of my house? Pete G, plug prices are out of control....will you lower them? Should the Govt. tell you to? Should they make Habs sell his needles for $8, Of course not. Its a free market system. Hopefully the entrepreneurial side of America will rear its head and we'll come up with a low-cost, low emission alternative to oil. If 9/11 wasn't a smack in the face, hopefully this will be. If you dont want to pay high prices for gas, dont buy it, very simple concept.

[Pete_G]

My post had NOTHING to do with price setting, it IS about encouraging the import of oil. It's about a healthy energy policy.

Bottom line is a good relationship with the Middle East and other oil producing areas is important, that's where the oil is (even the most optimistic estimates re: Alaska show that it won't do much to effect supply, offshore drilling is another story). You're completely right, supply and demand is the issue and the way it should be. We (the gov't) encourage the purchase of huge vehicles thru tax breaks, while angering oil producing countries. Supply and demand.

Originally Posted by RIJIMMY

Its funny, Americans are champions of Capitalism until,....it does not work in their favor. This is supply and demand, nothing more. WHat can the government do? SUV sales are still through the roof, looks like people are okay with paying big $ on gas. My house value has gone up, sucks for new home buyers , great for me. Should the government step in and lower the value of my house? Pete G, plug prices are out of control....will you lower them? Should the Govt. tell you to? Should they make Habs sell his needles for $8, Of course not. Its a free market system. Hopefully the entrepreneurial side of America will rear its head and we'll come up with a low-cost, low emission alternative to oil. If 9/11 wasn't a smack in the face, hopefully this will be. If you dont want to pay high prices for gas, dont buy it, very simple concept.

[fishweewee]

It's not entirely OUR fault that oil prices are going up.

China and India are starting to hog demand because their own industrialized economies are taking off.

Piss off the Chinese. Stop buying their stuff.

[Crafty Angler]

I read that Texaco is trying to buy out Unical to the tune of 80 or so billion $$$ - give or take a few.

Hmmmm....now where could they possibly have gotten that kind of cheese for a move like that?

A few pennies a gallon starts to add up after a while, I guess -