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Old 06-09-2008, 10:58 AM   #1 (permalink)
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Question How expensive could gas get?

At this point rising gas prices have caused speculation that Americans will have to "change their habits", is their a visible breaking point in sight? Could gas/oil prices reach a point in the near future that would cause the relative social order to break down?

How expensive can gas become before a significant part of the population cant afford to buy enough food, public transportation systems become overwhelmed with new riders and visible social unrest occurs?

Could their be something like a "gas riot" in America?

Maybe I'm imagining a Mad Max type scenario...
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Old 06-09-2008, 11:13 AM   #2 (permalink)
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You think there is a limit?

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Old 06-09-2008, 11:28 AM   #3 (permalink)
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Gas is damn cheap in America compared to some European countries and theres no Mad Max scenarios there.
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Old 06-09-2008, 11:39 AM   #4 (permalink)
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Question

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You think there is a limit?

::emp::

An organic limit? No. But I do think that there is a tipping point after which the harm done to society by these prices becomes too hard to absorb.

The question has more to do with how severe a jolt the economy/social fabric can take, and how quickly it can take that jolt without being radically affected.

If gas prices outpaced America's ability to adapt, then we would see chaos.

So, I'm wondering what the current outer limit would be.
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Old 06-09-2008, 11:40 AM   #5 (permalink)
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until people stop buying it'll continue to go up
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Old 06-09-2008, 11:57 AM   #6 (permalink)
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I guess the limit is the transition point at which alternative energies begin to become a viable alternative.

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Old 06-09-2008, 01:42 PM   #7 (permalink)
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All these years I have been hearing that once gas prices went over $50 a barrel, we would just use our massive coal supplies to produce fuel - but nobody seems to be doing that.

Also, we have vast supplies of oil in Alaska and off the Gulf Coast... but we don't seem to be moving in the direction of utilizing them either.

Makes me think the powers that be ( worldwide conspiracy or whatever) are toying with us. Also the price of food has gone up drastically. The American economy is having to deal with higher gas and food prices. If you were barely getting by before, you're in real trouble now.

What are THEY up to?
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Old 06-09-2008, 04:24 PM   #8 (permalink)
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The whole "energy independence" thing is a joke. Where are we supposed to get "energy Independence" when we are "scared" of nuclear power plants and won't drill anywhere or expand existing refineries because of environmental issues. Hell, even our efforts at wind power generation where defeated by Sen Kennedy because they would injure the picturesque shoreline of his home. No, you've got to be willing to make some hard decisions to become "energy independent" and Americans haven't made them.
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Old 06-09-2008, 04:49 PM   #9 (permalink)
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No, you've got to be willing to make some hard decisions to become "energy independent" and Americans haven't made them.
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Old 06-09-2008, 05:23 PM   #10 (permalink)
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If all the liberals stayed home they wouldn't have to drive around and flaunt their bumper stickers. Also once Alaska starts looking like Galveston we might be able to reduce dependency on foreign supply. I could be wrong though.
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Old 06-09-2008, 05:34 PM   #11 (permalink)
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A recent poll in Finland showed that people would be willing to pay as high as €2.4/liter which equals roughly to $15/gallon. At the moment the price is around $9/gallon.
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Old 06-09-2008, 05:40 PM   #12 (permalink)
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Well, it's been predicted that oil will hit $200 per barrel within 2 yrs (it's at $135 currently) -- that would put the price of gas at around $7 per gallon.

That will definitely change consumers driving habits.

Crude oil has spiked over 42% just since Dec. so there is a bubble forming that could pop anytime... but who knows how long it will last.
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Old 06-09-2008, 05:41 PM   #13 (permalink)
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...that would put the price of gas at around $7 per gallon.

That will definitely change consumers driving habits.
You would think so, wouldn't you?
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Old 06-09-2008, 06:32 PM   #14 (permalink)
 
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Come on Americans.. this isn't just affecting you, it's a global issue affecting everyone. Our governments need to work together if we have any chance of finding a long term solution.

Global energy consumption is only going to increase, especially in the developing countries. As India and China use more, it costs more at the pump in the US & UK. So it is in America's best interests to ensure that any alternative energy sources are available to everyone.

Leave it to the corporate world alone and they'll patent any technology, forcing poorer nations that can't afford it to stick to burning fossil fuels, pushing up the price of oil to those in the west not using the alternatives.
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Old 06-09-2008, 07:15 PM   #15 (permalink)
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The upside to the skyrocketing price of oil is that its renewable and less-polluting substitutes mightl look cheaper. If these substitutes reach an economy of scale that translates to higher efficiency and lower prices, say goodbye to petroleum-based fuels.
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Old 06-09-2008, 07:18 PM   #16 (permalink)
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It doesn't matter how expensive it gets because YOU'VE JUST WON A FREE $1,000 GIFT CARD!!!!!!! WOOOOHOOO!

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Old 06-09-2008, 10:46 PM   #17 (permalink)
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It doesn't matter how expensive it gets because YOU'VE JUST WON A FREE $1,000 GIFT CARD!!!!!!! WOOOOHOOO!

Go collect up bitches!
Nice find! +rep
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Old 06-10-2008, 04:42 PM   #18 (permalink)
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I just cant complain about gas prices when I travel to Europe and they are paying two euros a liter. That was two years ago. I never heard one person complain about prices of gas. But when gas hits $3 here everyone is flipping out. Now its $4 and people are getting the idea and understanding. They need to deal with it. I have said for a long time that gas in the US is cheap. I am just glad I work from home
I am one of the stupid ones that has a huge SUV that gets horrible gas mileage.
But I guarantee you will never hear me complaining. I chose the SUV and I cant really do much about it now.
I mean America is the land of opportunity, anyone who wants to better themselves can, all they have to do is try and stop bitching about everything.
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Old 06-10-2008, 05:04 PM   #19 (permalink)
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Quote:
Originally Posted by LazyHippy View Post
Come on Americans.. this isn't just affecting you, it's a global issue affecting everyone. Our governments need to work together if we have any chance of finding a long term solution.

Global energy consumption is only going to increase, especially in the developing countries. As India and China use more, it costs more at the pump in the US & UK.
US gas prices were better years ago when India and China were using carts and bicycles. I remember when gas went over 30 cents a gal. I thought that was horrible.

The way I see it, this mess started when you lime juicers got out of India and China. Especially India... those poor folks haven't had a decent infrastructure since the Brits lefts. They're still trying to get by with roads and hospitals England built. You need to get your tails back in there and fix things - you Brits were great at Imperialism.

I know I'm the pot calling the kettle black - we Americans should get back in Central and South America too and clean those places up (Been a little busy in the Middle East here lately). If England and America would snap out of this politically correct funk we've drifted into, and go back to helping (running) these 3rd world countries, everybody would be better off. They would have better economies, modern infrastructure, and stable governments. We would have lower gas prices and better hotels when traveling.

Of course, you all know I am in favor of drilling in Alaska and off the Gulf Coast - then telling OPEC to go jump in the lake.
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Old 06-10-2008, 06:36 PM   #20 (permalink)
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Right on old Goat. I was a pump jockey in my teens and pumped gas at .25 a gallon. You could fill most cars and get change from a $10. Screw OPEC, drill in Alaska and North Dakota, use shale oil, and gasify coal. Tell the Arabs thanks but we do not need or want your oil.
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Old 06-10-2008, 07:24 PM   #21 (permalink)
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Old 06-10-2008, 07:44 PM   #22 (permalink)
 
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Quote:
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US gas prices were better years ago when India and China were using carts and bicycles. I remember when gas went over 30 cents a gal. I thought that was horrible.

The way I see it, this mess started when you lime juicers got out of India and China. Especially India... those poor folks haven't had a decent infrastructure since the Brits lefts. They're still trying to get by with roads and hospitals England built. You need to get your tails back in there and fix things - you Brits were great at Imperialism.

I know I'm the pot calling the kettle black - we Americans should get back in Central and South America too and clean those places up (Been a little busy in the Middle East here lately). If England and America would snap out of this politically correct funk we've drifted into, and go back to helping (running) these 3rd world countries, everybody would be better off. They would have better economies, modern infrastructure, and stable governments. We would have lower gas prices and better hotels when traveling.

Of course, you all know I am in favor of drilling in Alaska and off the Gulf Coast - then telling OPEC to go jump in the lake.
LOL... and who said American's don't do sarcasm!


Wait.. that wasn't serious was it?
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Old 06-10-2008, 07:52 PM   #23 (permalink)
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Screw OPEC, drill in Alaska and North Dakota, use shale oil, and gasify coal. Tell the Arabs thanks but we do not need or want your oil.
Without a socialist/communist government running state owned oil companies wouldn't that oil from Alaska and North Dakota still just be put up on the commodity market and sold to the highest bidder?
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Old 06-10-2008, 09:19 PM   #24 (permalink)
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Without a socialist/communist government running state owned oil companies wouldn't that oil from Alaska and North Dakota still just be put up on the commodity market and sold to the highest bidder?
Not Socialist/Communist Grasshopper.... just a Nationalist government that would give us first dibs. Anything left over could go on the free market. We'd probably work some sweet deals with our friends - especially our buddies in Merry Ole England and Denmark and Canada ( wait Canada has tons of oil too) - who knows.

Even if we played straight Laissez-faire, with all that American fuel flooding the market, prices would go down. And as an added bonus, OPEC would no longer be able to pick a price per barrel in some smoky room.
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Old 06-10-2008, 09:25 PM   #25 (permalink)
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Without a socialist/communist government running state owned oil companies wouldn't that oil from Alaska and North Dakota still just be put up on the commodity market and sold to the highest bidder?
Not Socialist/Communist Grasshopper.... just a Nationalist government that would give us first dibs. Anything left over could go on the free market. We'd probably work some sweet deals with our friends - especially our buddies in Merry Ole England and Denmark and Canada ( wait Canada has tons of oil too; like all of Alberta or something) - who knows.

Even if we played straight Laissez-faire, with all that American fuel flooding the market, prices would go down. And as an added bonus, OPEC would no longer be able to pick a price per barrel in some smoky room.

P.S. Hey Lazy Hippy, perhaps you lime juicers should have held on to Canada too... heh heh
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Old 06-10-2008, 09:28 PM   #26 (permalink)
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Ok.... I'm old and just learning how to use Forums. The 2nd reply was my final sassy edition. Bear with me..... I didn't realize I sent the 1st one.

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Old 06-10-2008, 10:04 PM   #27 (permalink)
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Hybrid Gets 150 Miles Per Gallon Using Ultracapacitors | MetaEfficient

if people start using these things, the middle east is up shit creek.
That is a great idea. Capacitors FTW
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Old 06-11-2008, 05:26 AM   #28 (permalink)
 
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Not Socialist/Communist Grasshopper.... just a Nationalist government that would give us first dibs. Anything left over could go on the free market. We'd probably work some sweet deals with our friends - especially our buddies in Merry Ole England and Denmark and Canada ( wait Canada has tons of oil too; like all of Alberta or something) - who knows.

Even if we played straight Laissez-faire, with all that American fuel flooding the market, prices would go down. And as an added bonus, OPEC would no longer be able to pick a price per barrel in some smoky room.

P.S. Hey Lazy Hippy, perhaps you lime juicers should have held on to Canada too... heh heh
Er.. we did, kinda.

Nah, Imperialism didn't work 100 years ago, won't work now. Look what has happened to all the empires throughout history, they fall apart and die.

Drilling in Alaska or elsewhere isn't going to solve this problem, the only thing it might do is delay it a bit. So go rape Alaska to keep your gas cheap and fuck things up for your kids or grandkids... great plan.
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Old 06-11-2008, 10:21 PM   #29 (permalink)
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Its not the Arabs who set the price of oil... its the western Oil Companies
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Old 06-12-2008, 11:40 AM   #30 (permalink)
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You ( Britain) had the Middle East oil fields after WWI - not from Imperialism, but by right of Conquest ( Fall of the Ottoman Empire).

Again, this mess started when Britain pulled out and let the local yocals take over. Things were better when the Brits and French were in the Middle East (personal opinion). At least back then, you could walk into a bar and get a drink!

As for Alaska, I hope my children and grandchildren will be able to tap into those oil fields in their lifetime, because a handful of tree-huggers have screwed things up in America, making it near impossible to build refineries, drill for oil, etc....

I've got nothing against alternative fuel - but in the meantime, while we are developing/ transitioning to these technologies, lets use some of our own oil and make it more affordable for the average American to get back and forth to work, school etc....
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Old 06-12-2008, 12:26 PM   #31 (permalink)
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When it hits $97/gallon, with a free ebook plus bonuses.

I don't think there is a limit, especially in europe. People will complain but will keep filling up the tank.

What i'm wondering is. Who is earning the big dollars for all these price increases?
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Old 06-12-2008, 12:32 PM   #32 (permalink)
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Its not the Arabs who set the price of oil... its the western Oil Companies

It's not Oil Companies who set oil prices.


Wall Street set the price of oil by speculating on energy futures and pricing. If your worried about how much profit the oil companies are making off oil look into how much profit traders are making off energy stocks atm.
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Old 06-12-2008, 12:46 PM   #33 (permalink)
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When it hits $97/gallon, with a free ebook plus bonuses.

I don't think there is a limit, especially in europe. People will complain but will keep filling up the tank.

What i'm wondering is. Who is earning the big dollars for all these price increases?
Oil companies are posting record earnings.

Exxon posts world-record earnings - USATODAY.com
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Old 06-12-2008, 03:51 PM   #34 (permalink)
 
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You guys still use gas? I bought this ebook from Clickbank and have only been filling my car up with water.
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Old 06-12-2008, 04:38 PM   #35 (permalink)
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You guys still use gas? I bought this ebook from Clickbank and have only been filling my car up with water.
Gah, don't joke about that. lol. My dad emailed me all excited about his new 'find', someone took him to the bank with that offer... hes getting too old.


As much as it will suck for the poor and old, I'd like to see it hit $8-$10 a gallon before Feb '08. It'd have to hit around $15 a gallon before it'd change my habits (fuck the cost, do it for good reasons) and with that said, I'll be all over the Volt or if I strike it rich, the Tesla roadster. Once gas gets to be a burden for the middle class, we'll see a demand for cleaner transportation.
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Old 06-12-2008, 05:46 PM   #36 (permalink)
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My driving habits did not change at $3 per gallon.

At $4 per gallon I'm conscious of not doing extra driving, combining trips out to the store into one trip, using the more gas efficient car sometimes, etc.

At the $7 per gallon mentioned, or $200+ per tank for me, I'd go out and buy myself a bike to start riding to local places.

-Raymond
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Old 06-12-2008, 09:50 PM   #37 (permalink)
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The Tesla Roadster is a really good exercise in seeing how people really don't connect the dots.
Let's say you're the sort of person that'd buy a roadster or a hummer, or other sort of gas guzzler anyway, and that you rarely leave the city (most people don't after all).
The simple maths on fuel is that it's been rising in price by about 10%p.a.c. since '03
Let's say you're currently spending $100 on fuel per week now (I know I am). So this year I'm paying $5,200 for fuel, next year it'll be $5,720, etc. In 10 years it'll be $14,720

It'll pay itself off in 8-9 years from the fuel savings alone.
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Old 06-12-2008, 11:20 PM   #38 (permalink)
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Oil companies are posting record earnings.

Exxon posts world-record earnings - USATODAY.com
They are posting record earnings, but they are making it in larger volumes rather than higher markups. Oil companies make a very small profit percentage compared to most other businesses.
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Old 06-14-2008, 12:38 AM   #39 (permalink)
 
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Old 06-14-2008, 12:59 AM   #40 (permalink)
 
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This is what i want:
Hybrid Gets 150 Miles Per Gallon Using Ultracapacitors | MetaEfficient

if people start using these things, the middle east is up shit creek.

Sweet! Where do I sign up?? (really I can't find anything about when it's coming out)
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Old 06-14-2008, 11:37 PM   #41 (permalink)
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like meds - what the market will bear
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Old 06-15-2008, 11:06 PM   #42 (permalink)
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Turbolapp: That's the most kick arse piggy bank EVER! Is that someone's own project, or a legit product?
If a product, have you got a link to it, because I think it'd make a great gift for a few people I know.
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Old 06-16-2008, 12:36 AM   #43 (permalink)
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Morgan Stanley analytic predicted that on the 4th july gas price goes as high as $150. It's $134 right now and it really wont be a miracle if it happens. Lots of investors have taken option to the end of the year and are sure that price gets as high as 200$ this year.
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Old 06-16-2008, 10:05 AM   #44 (permalink)
 
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Turbolapp: That's the most kick arse piggy bank EVER! Is that someone's own project, or a legit product?
If a product, have you got a link to it, because I think it'd make a great gift for a few people I know.
I got it off google, I don't think it's an actual product but who knows. although you did just give me an idea....
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Old 06-16-2008, 11:34 AM   #45 (permalink)
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Old 06-16-2008, 11:37 AM   #46 (permalink)
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I am glad I work from home. I was spending $100 in gas every 5 days! I bet gas will get up and around $10/$15 before it stops rising!
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Old 06-16-2008, 07:38 PM   #47 (permalink)
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I"m lucky. My office is moving closer to home and I'll save about $125 a month on gas. == WOW!
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Old 06-18-2008, 03:27 PM   #48 (permalink)
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The market (supply and demand) "sets" prices. The oil market is pretty efficient. Enough with conspiracy this and Arabs that and Big Oil, etc. etc. "Big Oil" has historically averaged about 7-10% profit margins. How many of us would accept that kind of return on a PPC campaign?

And the Arabs control about 15% of known reserves. Enough said.
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Old 06-18-2008, 06:44 PM   #49 (permalink)
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Was it today or yesterday but the arabs said that the price is a big hype. They have lots of gas left and the price is fake because speculants have done their job.

It might have also been fake news to reduce the gas price.
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Old 06-18-2008, 06:52 PM   #50 (permalink)
 
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Gas is damn cheap in America compared to some European countries and theres no Mad Max scenarios there.
I wish this comparison wouldn't come up, most of the reason for Europe's high prices is taxes. Without the taxes theirs is still higher, but not by such a huge margin
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