May 8, 200818 yr Revolution. There are different ways the revolution will go about however. First, there's the simple and frightening scenario where the rich will pay off the poor to destroy the current middle class (which would be the primary segment of revolution in our society as that's who the rising gas prices hurts the most). This in turn would naturally just create another middle class, but more urban. There will be a great wealth of abandoned suburbs that will probably become shanty towns (Bushvilles? Not that I'm blaming him for it all, but it's the curse of being President during hard times) for poor and immigrants. So much focus will be turned inward that we'll withdraw our troops from the Middle East which will cause a setback of about 50 years for all of those nations as new wars erupt and old wars re-erupt. With the increase of immigrants and the new issues being faces in America, there will finally be a militarized zone on the Mexican border, and Homeland Security will be the most important factor for the American government. Millions will die. It would be worse than the Depression and than the Civil War combined. Alright, I'll stop. What can I say? Worst case scenarios are my favorite.
May 8, 200818 yr The one good thing I see about higher gas prices????? Students will start attending school within their community and the playing field in HS athletics will be leveled as students will not be driving great distances to attend a HS that is more PR than anything.:sssh: I couldn't resist rattling of the cages.:lol::lol::lol::lol::lol::p:p
May 9, 200818 yr A friend was telling me last night that he heard somewhere that over the first quarter of this year, Shell pocketed something like $9.8 BILLION in PROFIT from gas prices being so high...Someone please explain to me why if they are pocketing that much, gas can't come down? IN the free market system companies are in business to make profits. No one is complaining in today's housing/foreclousers that Banks are making huge profits. Example last quarter Bank of America's profits were $1.2 BILLION yet no one wants to put a tax on their profits
May 9, 200818 yr IN the free market system companies are in business to make profits. No one is complaining in today's housing/foreclousers that Banks are making huge profits. Example last quarter Bank of America's profits were $1.2 BILLION yet no one wants to put a tax on their profits While I see your point, $9.8 Billion and $1.2 Billion are astronomically different, IMO.
May 9, 200818 yr If gas goes up to $10/gal., I am guessing that my employer would give employees the option of telecommuting for at least part of the week. We already have several contractors who telecommute and one programmer who telecommutes every other week and flies in from southern Texas two weeks a month. As gasoline prices rise, I believe that we will start to see inner city property values climb as people who cannot telecommute begin moving back to the cities from the suburbs. One thing is sure, as long as Democrats in Congress keep saying no to new drilling because production will not reach full output for 10 years, production will not reach full output for another 10 years. The scoundrals who have been singing this same tune for 10 years need to be put out to pasture.
May 9, 200818 yr If gas goes up to $10/gal., I am guessing that my employer would give employees the option of telecommuting for at least part of the week. We already have several contractors who telecommute and one programmer who telecommutes every other week and flies in from southern Texas two weeks a month. As gasoline prices rise, I believe that we will start to see inner city property values climb as people who cannot telecommute begin moving back to the cities from the suburbs. One thing is sure, as long as Democrats in Congress keep saying no to new drilling because production will not reach full output for 10 years, production will not reach full output for another 10 years. The scoundrals who have been singing this same tune for 10 years need to be put out to pasture. That's one way we could point our fingers. The sad part is there are a LOT of people we could be blaming for not assisting in this situation... nobody has stepped up to really fix this problem. Too much politics and money going in the wrong direction.
May 9, 200818 yr While I see your point, $9.8 Billion and $1.2 Billion are astronomically different, IMO. But the oil sector is high right now and Banking is near a record low yet they still made a profit of $1.2 Billion. Congress needs to stop pandering and do a true energy policy. Making companies pay a wind fall profit tax is just bad for business. It will force businesses to cut cost to appease investors which in the oil companies case will cause a rise in price in their product. This will hurt the common people in the long run.
May 9, 200818 yr Time to break out the old mountain bike.... Exactly what I was thinking earlier. I might think about making the trip from my house in the Villa Hills area to Cincinnati on bike.
May 9, 200818 yr Like many have said, if gas reaches ten dollars a gallon we will fully be in depression, the unemployment rate would be astronomical, the value of all assets would be down, businesses would close, we would have to grow our own food, crime would be up, etc. etc. etc. If anything like this got close to happening and the government didn't step in simply it would be conceding our country....
May 9, 200818 yr That's one way we could point our fingers. The sad part is there are a LOT of people we could be blaming for not assisting in this situation... nobody has stepped up to really fix this problem. Too much politics and money going in the wrong direction.We are seeing the results of the bad policies of the past couple of decades and the policies are not changing because those responsible for our current situation do not want to accept that responsibility. There is no magic switch that can be thrown to increase the supply of oil and the number of refineries. However, as long as Congress can blame oil companies for its own failed policies and members continue to get reelected, prices will continue to rise. Rewarding bad behavior begets bad behavior.
May 9, 200818 yr I didn't hear about $7-10, But I did hear that some experts are looking at least $4.50 a gallon within a couple of months with the price for oil going up like crazy. It's now double of what it was last year. It is scary at what could happen.
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