April 21, 201115 yr Author I think it will get a lot worse and it is going to happen in a hurry. We keep putting the same 2 parties in charge even though they show that they can not get the job done.
April 22, 201115 yr I heard George Bush apparently ordered the gas prices to be raised immediately to hurt the economy and make Obama look bad. :popcorn: :lol:
April 22, 201115 yr I'm in the "could not care less" what an exec makes in private industry. That's the beauty of free market. In regards to oil the companies are making profits (again a beautiful thing). It's not their fault that the world has not adapted and they have the golden egg. That's our fault as a society for not having vision or being stuck to our old ways of living. We're paying the piper now. I do not see the cost of gas going down much. It will probably rise due to increased demand and diminishing supplies of cheap oil. Every President since Nixon has talked about "alternative fuels" but we as a society are stuck to our short-term vision and steadfast in not changing what we drive or how we live. So, we pay out the wazoo. I harbor no ill will towards oil companies other than their lack of environmental concern. As Malcolm X said so famously about the climate of hate as it related to the assassination of President Kennedy: The chickens are coming home to roost. Clyde I have to agree, I get tired of people complaining misplacing blame etc when it's their own fault.
April 22, 201115 yr I'm just watching the dollar on the foreign exchange market. It's practically in a fee fall. I have a real bad feeling about this. I think we're in the eye and the backside of the hurricane is getting ready to come ashore and it's the bad side of the storm. I defintitely see and follow what you're saying, but I don't believe it'll ever be allowed to get that bad.
April 22, 201115 yr I defintitely see and follow what you're saying, but I don't believe it'll ever be allowed to get that bad. I don't believe anyone has the power to stop it.
April 22, 201115 yr I don't believe anyone has the power to stop it. I understand why you'd feel that way, but I think that it would be a naive viewpoint. Unfortunately/fortunately life ANY WHERE and especially in regards to the US in not black and white. There are various colors that paint the world in a much more beautiful way.
April 22, 201115 yr I understand why you'd feel that way, but I think that it would be a naive viewpoint. Unfortunately/fortunately life ANY WHERE and especially in regards to the US in not black and white. There are various colors that paint the world in a much more beautiful way. Let me say this, no one has the power to stop it long term. They can do things that would amount to a band aid on a broken leg but in the long run things will only get worse. If right now isn't proof of that then not sure what else can be said.
April 22, 201115 yr I work in the financial services industry .... mark my words ... the economy is NOT improving. AND ... our research suggested (with a high percentage of probability) that the economy WILL NOT improve as long as gas prices continue to be high. People are not paying their other bills in order to account for the higher price of gas. There is very little data to suggest that this theory is wrong. That is one thing that you rarely hear on TV ... or in the news. But .. it is very much the truth. The middle ground of the economist spectrum is at a point where they have to make choices. Two things they basically need to live: shelter and gas. Not to mention ... if the economy was truly improving ... pay would increase to account for the significant increase in cost of living. That has not, and most likely will not, happen. Don't believe the hype. It is almost like survival of the fittest. IF gas prices continue to rise ... our country will make a significant decline. I always think that it is funny when people blame banks for the current financial crisis. The real financial destruction began when gas prices started to rise to ridiculous levels a few years back. BINGO..........NUFF SAID!!!!!!! Gas prices are the root of all this..........well actually the fact that as a country we average negative savings, therefore when your gas budget doubles or triples everything else is down hill from there.
April 23, 201115 yr What is odd is I was in Louisville when oil went up to $111 and gas there went up. I got home Thursday night and in Henderson gas went down. When I left for Louisville Wednesday morning gas was $3.67. I paid $3.64 for it this afternoon. Oil was selling for $108 when gas went up to $3.67.
April 23, 201115 yr Let me say this, no one has the power to stop it long term. They can do things that would amount to a band aid on a broken leg but in the long run things will only get worse. If right now isn't proof of that then not sure what else can be said. Agreed, sad thing is that this isn't new news, but it's just now becoming headline news. What's funny/sad is that if our economy wasn't struggling so much it still probably wouldn't be headline news.
April 23, 201115 yr Saw on the news yesterday that $6.00 a gallon prices are feared for summer! I broached this subject a while back.http://www.bluegrasspreps.com/showthread.php?199763-7-Gasoline&highlight=crude
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